The answer is: Car manufacturers
An industry that have high fixed costs in the short run would be the industry that has to put a high price tag for their products.
Car manufacturers need to provide a high number of capital on the early stage of investments to purchase machines and factory spaces that essential for the efficiency of the production. Due to this hard requirements, there is very little new company enter the competition in car manufacture industries in recent centuries.
Securities are investments that have value and are traded between other people. Securities can be bought or sold and are able to be used as a medium in exchange for something else. Securities are also known as stocks, bonds and mutual funds. The value of securities are determined by the type, amount and current economic rate.
Explanation:
Let us understand the terms with examples:
Avoiding a risk: A risk which is pre-identified and which would create huge loss for the ongoing task can be avoided.
For example:
If there is a deadline for a project and there are only few more days to complete, then planning a training program on soft skill will be a riskier one. So training program can be planned sometimes later, thus avoiding risk.
Transferring a risk: Normally this will be mentioned in the project contract. If there is an issue and the employees of the company are already filled with work, then the issue can be outsourced so now the risk is transferred.
Retaining a risk: You can retain the risk if the impact is negligible. Absence of a software developer for 10 days. So the Project manager need not worry about finding an alternate person for that 10 days alone, which might lead to less understanding of flow and may raise more errors if multiple resource work on the content.
Mitigating a risk: The risk will be avoided by taking some preventive measures. For example, if a smart board needs to be sold, a sales team cannot give a good demo hence the sale of product percentage is less. So to avoid this, a training can be arranged to sales team so that it will boost up sales. Others who were absent on training, ll sale less but the impact is minimum.
Answer:
Longer periods of unemployment for their workers.
Explanation:
Unemployment is when people who are willing and able work do not have jobs
Types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
If a government gives generous unemployment insurance programs, there would be less incentive to find jobs because one of the main reasons why people would want to work is to have money. If the government provides generous pay to the unemployed, there would be less motivation to work and unemployment increases
The items that affect incentives
for people to produce and exchange goods and services are:
liability rules
property rights
contract enforcement
<span>These factors will hinder the exchange of goods
and services to people.</span>
