Answer:
8.3% - 60%
Explanation:
Unemployment rate is the total of unemployed divided by the total workforce. As the question says, there is 1 million of unemployed and the people able to work is 12 million (1 million unemployed plus 11 employed). So the unemployment rate is 1/12... which is 8.3%
The participation rate is the employed plus the people that have no job but are actively seeking for a job, divided by the population that is in working age. The people who has no job, is in working age and available to work and is actively looking for work is the unemployed (ILO definition of unemployment). So we have 1 million plus the 11 million of employed, we have a total of 12 million. So the participation rate is 12/20... which gives us 60%
Answer:
option (a) $2,052 U
Explanation:
Data provided in the question:
Ramkissoon Midwifery's cost formula for its wages and salaries
= $2,060 per month + $442 per birth
Total number of births = 117
Actual births = 114
Actual wages and salaries for the month = $54,500
Now,
Spending variance = standard cost - Actual cost
or
= ( $2,060 × 1 ) + ( $442 × 114 ) - $54,500
= $2,060 + $50,388 - $54,500
= - $2052 or $2,052 U
Hence,
The answer is option (a) $2,052 U
For a cosmetics company, external factors which will be particularly important to study is the social factor.
<h3>What is an external factor of business?</h3>
External factor of business refers to factors that affect the operations of the business from outside sources. These factors are uncontrollable in nature which can create both positive and negative impacts on success.
A cosmetics company should study the social factors which include the buying habits of customers regarding products, advancement of technology, and the response of the customers towards change.
Income level and education are also considered social factors which can impact the success of any cosmetics company.
Learn more about social factors, here:
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When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
<h3>What are the different types of pricing strategies?</h3>
There are 4 types of pricing strategies as follows :
- Premium pricing strategy
- Skimming pricing strategy
- Value pricing strategy
- Penetration pricing strategy.
In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
Learn more about Pricing:
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