Competency-based pay is type of pay that is similar <span>to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees.</span><span> According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title. </span>
Answer:
Sean arranging the interview with his boss
Explanation:
Consideration in contract law refers to something of value or a benefit that is exchanged between parties involved in a contract. It is something that party A gives to party B in exchange for another consideration.
Consideration is the main reason why a contract exists.
Sean arranged the interview in exchange for Mark sharing his pottery prize.
Answer:
Net income is how much money a business or person makes after the costs of deductions, taxes, and allowances.
Further, commerce net income is how much the business has after all costs, which include things such as: salary/wages, the cost it takes to buy the goods or create them, plus taxes.
Explanation:
Answering again cause it got deleted for the link.
(still new here, I didn't know I wasn't suppose to do that, whoops)
Answer:
(q2 - q1)
Explanation:
I have uploaded the picture the question refers to below.
We can see that under a price ceiling of $0, the quantity of kidneys supplied is Q1, and if the price ceiling is removed, and the market is allowed to reach equilibrium, the new quantity of kidneys supplied is Q2, so the increase in the supply of transplanted kidneys can be found by the formula (q2 - q1)
Answer:
1) 12/3= 4 gallons of milk per hour is her real wage
Her nominal wage is $12 per hour, we then divide her nominal wage by the price of gallon of milk in order to find out how many gallons of milk can she afford from one hour of work. 12/3=4 so 4 gallons of milk is her real wage per hour.
2) Workers and firms negotiate compensation packages and agree on a Nominal wage with those expectations in mind, as nominal wage is the actual amount of money that they get. If the price level turns out to be lower than expected, a workers nominal wage is the same because he will be paid the same amount of money, but his real wage will be higher than expected, because real wage refers to the purchasing power of your money and when price levels are lower than expected the worker can buy more goods and services from the same nominal wage, which means that his real wage is higher than expected
3) Her Nominal wage increased from 12 to 12.36 which is
(12.36-12) =0.36
0.36/12= 3%
So her Nominal wages increased by 3%
If inflation was 3% the price of milk would have been (1.03*3)= 3.09 but because inflation was 2% the price of milk was (1.03*3) = 3.06 so in order to find out the increase in real wage we will subtract inflation from the increase in nominal wage
Increase in nominal wage 3%
Inflation 2%
Real wage increase =3-2
= 2% real wage increase.
Explanation:
