Answer:
1. Excluding and 4. Understate
Explanation:
We know,
Unemployment rate = Unemployed people ÷ Total labor force
Here, the total labor force includes total employed and unemployed people minus out of the labor force and discouraged workers. Discouraged workers are those who either do not want to do the job because of a lack of a suitable position or do not look for a job. However, the U-4 measure of labor under-utilization includes the discouraged worker in the labor force.
Therefore, excluding discouraged workers from the official unemployment rate would understate the true extent of the official rate of underemployment.
Answer:
D. Flexible accumulation
Explanation:
Flexible accumulation are strategies used by big companies to accumulate profits in a time of globalization enabled by improved communication and transportation technologies. It is a form of capitalism where big corporations consolidate production of commodities in low-wage economies overseas.
In times like this, the growth in real values for these corporations rest in labour exploitation. Flexible accumulation has very negative impact on the corporation home country. Apart from putting workers out of jobs as stated, weakened labour union and radical restructuring of labour markets are amongst the negative impacts of flexible accumulation.
Answer:
Exclusive distribution
Explanation:
Few companies and organisation just use exclusive restaurants to sell their products and services. Exclusive restaurants mean only some recognised and authorised franchises can sell a product and no local dealers are authorised. Similarly, jade wants to buy jaguar and the only deal is 200 miles away which means that jaguar utilises exclusive distribution of its vehicles.
Bank reconciliation is one of the components of the internal control system of an organization.
Option B is the correct answer.
<h3>What is internal control?</h3>
Internal control is applied to identify the accuracy and fairness of the accounting information being reported in the accounting records.
The bank reconciliation is a statement prepared to figure out whether the balances of the company's cash account are matched with the bank statement or not. If it is not matched, then what are the differences that lead to the non-matching of both the records.
Therefore, the internal control system of an entity comprises one of its processes called bank reconciliation.
Learn more about the bank reconciliation in the related link:
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Answer:
Consumer surplus is $15.99.
Explanation:
Melanie decided to buy a coat priced $79.95.
When she brought a coat to the sales clerk, she found out that it is on a 20% discount and she has to $15.99 less than the original price.
This means that her consumer surplus is at least $15.99.
The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.
Melanie was willing to pay $79.95. But she actually paid $63.96. The difference between the two is $15.99.