Answer:
Total compensation earned by an employee before any deductions.
Explanation:
Gross pay is the total compensation earned by an employee before any deductions.
Net pay is the compensation after taxes and other deductions are removed
Answer:
Consumer Credit Legislation.
Explanation:
Consumer credit legislation demands that lenders provide potential borrowers with one or more measures of the cost of a loan.
The appropriate response is Product variety. A promoting procedure in which a retailer stocks countless items. A wide assortment is utilized to attract clients searching for a variety of merchandise, however, does not imply that the retailer will offer a wide range of cycles of a particular item.
The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .
<h3>What is labor specialization?</h3>
- When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops.
- Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
- The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y
What is division of labor and specialization in economics?
- When a worker is specialized, they only carry out a small number of different jobs.
- In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services.
- When a good or service is produced, various workers are assigned to distinct duties. This is known as division of labor.
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