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3 years ago

Why wages differ

Business

1 answer:

muminat3 years ago

6 0

Answer:

Differences in human capital

Differences in Natural Ability

Compensating differentials

Explanation:

Human capital is an example of an intangible asset. It is the economic value attached to labours' skills and expertise.

Qualities of human capital includes

• Education.

• on-the-job training.

• Hard work

• experience

• Mental and emotional well-being.

• People management.

• Communication skills.

In case 1, the law graduate is more educated than the student. thus, differences in human capital accounts for the pay difference

In case 2, the skills of the players differs and this accounts for pay differences

In case 3, pay differs by riskiness of the job. thus compensating differential is responsible for pay differences

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Which of the following statements about contingent liabilities is incorrect?

Schach [20]

Answer: D - A disclosure note is required when the loss is remote and the amount can be reasonably estimated

Explanation:

A contingent liability is an obligation that might arise from an event that would occur in the future.

A contingent liability isn't disclosed when payment is remote.

A contingent liability is recorded when:

1. it is probable the event would occur.

2. there is a reasonable estimate the amount of the loss.

I hope my answer helps.

5 0

4 years ago

need this ASAP. question: Explain how a government is able to slow down or speed up the economy’s rate of growth.

Varvara68 [4.7K]

By adjusting spending and tax rates (known as fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economy's rate of growth and, in the process, affect the level of prices and employment.

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3 years ago

Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards

klio [65]

Answer:

Not build the fence

Explanation:

If Will decides to build the fence, then Grace will earn a higher payoff by not helping to build the fence, and if Will decides to not build the fence, then Grace will earn a higher payoff by also not building the fence.

Equilibrium = No fence

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3 years ago

Define electronic marketing

Nuetrik [128]

Answer:

Electronic marketing is buying and selling items electronically with the use of technology.

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3 years ago

Acoma Co. has identified one of its cost pools to be quality control and has assigned $140,400 to that pool. Number of inspectio

katrin2010 [14]

Answer:

Acoma Co.

Product 1 Product 2

Quality control cost assigned $58,968 $81,432

Explanation:

a) Data and Calculations:

Cost of quality control = $140,400

Number of annual inspections = 30,000

Cost per inspection = $4.68 ($140,400/30,000)

Product 1 Product 2 Total

Number of inspections 12,600 17,400 30,000

Proportion of inspections 42% 58% 100%

Quality control cost assigned $58,968 $81,432 $140,400

($4.68 * 12,600) ($4.68 * 17,400)

(42% * $140,400) (52% * $140,400)

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3 years ago