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2 years ago

4. Labour Institutions Act(10MKS)

Business

1 answer:

lord [1]2 years ago

4 0

Answer:

Reduce discrimination.
Reduce exploitation.
Reduce inequality/ poverty.
Increase productivity.
Economic growth.

Explanation:

It is necessary for the government to regulate wages because some companies might take advantage of little regulation to get away with many unjust and unethical actions as they chase profits or due to personal bias.

Without government regulation, there would be wage disparity between races and genders so regulation reduces that. Exploitation will also be reduced because companies will not take advantage of unemployment rates to make workers overwork themselves to keep their jobs.

Regulated wages will reduce inequality in social classes as well as poverty rates as people will be paid closer to what they deserve.

Regulated wages will also lead to improved productivity as people will be more encouraged when they are working knowing they are getting paid appropriately so they will work harder.

With people being paid appropriately, they will be able to afford more goods and invest more savings which will lead to growth in the economy.

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Q 6.29: Accurate Auditing is conducting an inventory count for Blake Industries. Blake intermingles empty boxes with full boxes

Rasek [7]

Answer:

The asset would have been overestimated

Explanation:

An inventory account deals with assigning values to all the items or goods that are involved in the production process ranging from raw goods, processed goods to market-ready goods.

An inventory represents an asset to a company. Hence, the presence of empty boxes in the storeroom if otherwise taken as full boxes will lead to an overestimation of the asset unless they are discovered.

3 0

3 years ago

Occurs when people give up something in order to receive something that they would rather have?

kap26 [50]

That would probably be trade. :)

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2 years ago

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni

PtichkaEL [24]

Answer: 14.9%

Explanation:

18300/12770x100%

8 0

2 years ago

Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40%

defon

Answer:

Its action would be optimal given an ordering cost of $28.31 per order

Explanation:

According to the given data we have the following:

economic order quantity, EOQ= 55 units

annual demand, D=235

holding cost per one unit per year, H=40%×$11=$4.4

ordering cost, S=?

In order to calculate the ordering cost we would have to use the following formula:

EOQ=√(2×D×S)

(H)

Hence, S=(EOQ)∧2×H

2×D

S=(55)∧2×4.4

2×235

S=13,310

470

S=$28.31

Its action would be optimal given an ordering cost of $28.31 per order

4 0

2 years ago

"Which of the following is correct?

ICE Princess25 [194]

Answer: Option (B) is correct.

Explanation:

The nominal GDP is equal to the real GDP in the base year, that's why GDP deflator in the base year is equal to 100.

GDP deflator is calculated as the nominal GDP divided by the real GDP multiply by 100. It is shown as:

GDP deflator = $\frac{Nominal\ GDP}{Real\ GDP} \times 100$

GDP deflator would be used as the conversion factor that transformed the real GDP into nominal GDP.

5 0

3 years ago