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Farm workers in Oaks Farmville face a 1/85 probability of death at work and each of them receives a yearly wage of $159,106. Far

Lostsunrise [7]

Answer:

$154,182.02

Explanation:

Probability of Farm workers in ( O.F ) facing death at work = 1/85 = 0.012

Probability of Farm workers in ( V.F ) facing death at work = 1/127 = 0.008

Value of a statistical life = $1,262,558

<u>Determine how much the workers in less risky job should get paid </u>

The less risky job is working in Valley farm(V.F ) with a death probability of = 1/127 = 0.008

The more risky job is working in valley farm ( probability = 1/85 = 0.012 )

Yearly wage of risky job = $159106

payment for less risky job can be calculated using the relation below

statistical life = ( cost incurred to reduce risk) / ( percentage of risk to death reduced ) ---------------- ( 1 )

cost incurred to reduce risk = yearly wage to high risk workers - yearly wage to low risk workers

= 159106 - X

percentage of risk to death reduced = (probability of death to high risk workers) - ( probability of death to low risk worker )

= 1/85 - 1/127 = 0.0039

back to relation 1

1262558 = ( 159106 - X ) / ( 0.0039)

159106 - X = 1262558 ( 0.0039 )

hence X ( amount to be paid to workers in the less risky job )

X = 159106 - 4923.9762 = $154,182.02

7 0

3 years ago

Job satisfaction questionnaires should always be anonymous to get employees to tell the truth.A. TrueB. False

xenn [34]

Answer:

B. False

Explanation:

I would say that most of the time (the vast majority actually) questionnaires should be anonymous. Imagine if you had to answer a questionnaire about your teacher, and he/she is a really bad teacher. If the questionnaire had your name on it, you would probably be much nicer than if the questionnaire was anonymous (due to the fear of retaliation by the teacher). The same thing happens on any workplace, no one will tell how bad his/her boss is if their name will appear on the questionnaire. Employees will always fear retaliation from their supervisor or manager, so they will not be completely honest.

But on some companies, employees might not fear any type of retaliation, specially on very horizontal organizations (flat structures with few management levels). The advantage of non-anonymous questionnaires is that they can be used to actually solve problems and follow up how the problems were solved or how do employees feel after they were solved.

The problem is that non-anonymous questionnaires work for companies that probably do not need them very much in the first place, while on companies that really need them, they are anonymous.

6 0

3 years ago

Brief Exercise 12-3 The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Ja

Inessa05 [86]

Answer:

$240,000

Explanation:

According to IFRS,

Cash inflow from financing activities:

Proceeds from bond issue = $300,000

Cash outflow from financing activities:

= Dividend paid + Interest paid**

= $(50,000 + 10,000)

= $60,000

Net cash inflow (Cash provided) by financing activities:

= Cash inflow from financing activities - Cash outflow from financing activities

= ($300,000 - $60,000)

= $240,000

Under IFRS, Interest paid can be classified under financing (or operating) activities.

6 0

3 years ago

The senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the

Degger [83]

Answer:

A. Downward Communication

Explanation:

Downward communication is a communication process whereby information is passed from the top of the organizational structure to the bottom of the organizational structure. It is a situation whereby information flows down the hierarchy chain from the top of the hierarchy to the bottom.

This is the method used in which information is passed from the bosses of the organization at the top to the lower management at the bottom of the organizational chart. In this scenario, the information concerning the strategic plans moves from the senior management to the middle management and down to their respective subordinates.

3 0

4 years ago

If Morgan worked 15 hours last week and is paid $10 per hour the amount

Tamiku [17]

Answer:

D Gross pay

Explanation:

Gross pay is the income or salary before any deductions. Gross pay will comprise the basic salary plus any bonuses, commissions, and overtime payment.

The amount that Morgan will be paid before taxes and other expenses are deducted is the gross pay. A majority of voluntary and involuntary deductions are calculated based on gross pay.

7 0

3 years ago