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Goshia [24]
3 years ago
13

In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison. Suggest three reasons

for this differential in earnings.

Business
1 answer:
grandymaker [24]3 years ago
5 0

Answer: See explanation

Explanation:

The reasons for the difference in wages include:

1. Education and training: A nurse uses about 4-5 years to train to become a nurse while a surgeon uses about 15 years both at medical school and for further training and examination before he or she qualifies as a surgeon. This is a reason for the higher earning of the surgeon.

2. Also, due to the low barriers to entry, there are numerous nurses than surgeons who are few. This affects earnings as well as there are more supply of nurses which brings about a lower income than surgeons who are scarce and highly priced.

3. The skills and experience matters as well and the risks involved in their jobs results in wage difference too.

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A company claims that 10% of the users of a certain allergy drug experience drowsiness. In clinical studies of this allergy drug
kifflom [539]

Answer:

Answer is D

Explanation:

d. Construct a 95% confidence interval estimate of the population proportion of the users of this allergy drug who experience drowsiness.

5 0
3 years ago
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control.
lapo4ka [179]

Answer:

Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a

FALSE Statement.

Explanation:

In order to understand this statement comprehensively, we need to know the following two views.

The Omnipotent View

The Symbolic View

The Omnipotent view

This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.

The symbolic View

This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.

Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.

7 0
3 years ago
Farmland Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was
Stells [14]

Answer:

Please see journal entries below

Explanation:

The entries below are made in the books of Farmland Corporation, the issuer of the bond.

Upon redemption, journal entries would be as follows.

Debit: Bond Account $396,000 (cash paid to bond investors)

Credit: Cash/Bank Account $396,000 (cash paid to bond investors)

Debit: Profit/Loss Account $8,000 (premium paid over carrying value of bond, calculated below: )

Credit: Bond Account $8,000 (premium paid over carrying value)

Premium over carrying value is calculated as follows:

Redemption value - carrying value

= (\frac{redemption price}{carrying price} *face value) - carrying value

=(\frac{99}{100} *$400,000) - $388,000

= $396,000 - $388,000

= $8,000

3 0
4 years ago
Consider the market for widgets. Widgets can be produced in the United States or abroad. Assume that U.S. consumers wish to buy
Tomtit [17]

Answer:

$10

Explanation:

Price    Q Demanded      Q Supplied Domestically    Q Supplied by Importers  $6              13,000                        2,000                                        8,000

$7               12,000                       4,000                                        8,000

$8               11,000                        6,000                                        8,000

$9               10,000                       8,000                                        8,000

<u>$10              9,000         =             9,000 </u><u>  </u>                                     8,000

$11               8,000                       10,000                                        8,000

If there is no international trade allowed, then we should look for the price at which the quantity demanded is equal to the quantity supplied by domestic producers. At $10 per widget, the total quantity demanded is 9,000 units and the total quantity supplied by domestic producers is 9,000 units.

6 0
4 years ago
You can learn about the financial strength of an insurance company by checking _____ rating system. group of answer choices
Genrish500 [490]

You can learn about the financial strength of an insurance company by checking<u> Standard & Poor's</u> rating system.

Monetary typically refers to cash matters or transactions of some length or importance: a financial wizard. fiscal is used particularly in reference to authorities' finances, or the ones of any enterprise: the top of the monetary yr. financial relates especially to cash as such: an economic device or standard.

Money is a part of finances, but finance consists of numerous different things as properly. money acts as a medium of alternate, shop of cost, a unit of account, and sometimes it is able to additionally act as a widespread for deferred bills. Finance: that is the observation of money and entails planning to apply it.

Economic motives mean that respondents did not observe for legal useful resources because they didn't assume they could be eligible beneath a means take a look at or had been refused felony aid due to the fact they failed a means test.

Learn more about  financial here brainly.com/question/2801397

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8 0
2 years ago
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