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3 years ago

1. Briefly describe laissez-faire economic policies in the Gilded Age.

Business

1 answer:

pickupchik [31]3 years ago

7 0

Answer:

1. The Gilded Age is referred to as the period between 1870 and the early 1900s. It was an era characterized by rapid industrialization, laissez-faire capitalism, and zero income tax. Capitalists resisted government intervention and Captains of industry like John D. Rockefeller and Andrew Carnegie made fortunes.

The government on the other hand began to seriously shape labor policies

The Laissez-Faire (which is derived from the french word let them be or let them do what they want) was a combination of free-market ideologies, limited government intervention, and social Darwinism.

The liberals also resisted the government's initiatives to made lives better for citizens. They believed that by intervening in the social condition of people, they (especially the African Americans) would not be able to attain their full economic potential which can only be done through competition

Another policy that they imbibed was one that promoted the ability of the individual and the business owner to freely enter into labor agreements

2. These liberal policies enabled businesses within that region to expand as entrepreneurs were able to take more risks and invest within the economy

It provided people with the greatest incentive for capitalists to create wealth. This is one of the reasons the economic boom happened.

3. One major similarity between the economic policies in the Jacksonian Era and those of the Gilded Age is that they both promoted liberal trade.

One major feature of the Jacksonian economy is that it triggered a high level of the inflationary boom between 1832 and 1837. This inflationary condition is said to be the fall out of mismanaged policies throughout the administration of President Andrew Jackson.

Cheers

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An esop: allows an owner to transfer all or part of his company to the employees as gradually or as quickly as he chooses. works

Serggg [28]

All the options given above about ESOP are TRUE. ESOP is an acronym for Employee Stock Ownership Plan. ESOP is an employee benefit plan designed as an investment stock shares in the sponsoring employer's company. In this type of arrangement, the company has the liberty to transfer the company to its employees at its own discretion. ESOP is only practicable in companies whose pre-tax profits is greater than $100,000 and whose employees are at least twenty in number.

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3 years ago

Dont give some bolonie long answer just say a, b, c , or d and If you don’t now or you think you now don’t answer thanks

Vitek1552 [10]

Answer:

your answer is

B. This is a heading

good luck :)

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3 years ago

What is a philosophy that aggressively seeks to improve product quality by eliminating causes of product defects and making qual

rodikova [14]

Answer:

Business Process Re-engineering is business philosophy that seeks to improve product by eliminating causes of product defects and making quality an all-encompassing organizational watchword.

Hence A is correct

Explanation:

It is an holistic approach to rearranging business and organisation's workflows with a view to identifying sub-optimization and inefficiencies that are deep-rooted in its processes which are cost-consuming but do not add value to business bottom-line(profitability).

Implementing a BPR project is a painstaking effort in that it is a way of telling employees to dump old ways of doing of things which they are probably more comfortable with and embrace change.This is the case as an average human tends to resist change.

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3 years ago

Ian Burns is the new payroll accountant for ECG Marketing. Certain employees have been requesting changes in classification from

Nookie1986 [14]

Solution and explanation:

The Fair Labor Standards Act defines three tests that an employee must be eligible to be considered under the 'Exempt' category.

These include the following :

1.Salary Level Test : Employee must be paid minimum of $23,600 per year ($455 per week) to be considered Exempt.

2.Salary Basis Test : The representative must be paid on a Salary Basis, a fixed ensured least installment must be made for any workweek for the playing out any work. This would be dependent upon admissible and impermissible derivations that decide the premise of installment. Special cases to this standard are School educators, Lawyers, Doctors, and some others.

3.Duties Test : The actual jobs performed by the employee must be within the qualified exempt category of high level work. These are broadly classified as Executive, Professional; and Administrative job duties.

Thus, following out of the above will be considered for the purpose of classification to Exempt employees category:

- Reimbursement of board, lodging, facilities availed

Whether these form part of the compensation structure and the gross payments fall within the ambit of Levels test.

- Compensation such as discretionary bonus

These to be considered as part of Salary and to check whether the payments fall within the above stated levels and also the Basis of these payments whether on continuing salary or otherwise.

-Duties

The actual duties performed to be checked whether these fall within the exempt category.

Thus, the above stated three tests must be cumulatively passed in order to be eligible to classified as 'Exempt' Employee.

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3 years ago

Dr. Rick Torres runs a chiropractic clinic. He typically bills his customers for services he performs and gives them about 30 da

Strike441 [17]

Answer:

e) accounts receivable

Explanation:

a) allowance for doubtful accounts: this is used to determinate a provision of uncollectible account. Customers that will not honor their debts.

b)prepaid expenses: This is use for the payment in advance for utilities and other expenses like rent. The description does not involve any payment from Dr Torres.

c)unearned revenues: used when the customer pays the service or goods but the business didn't perform or deliver. The Dr has perform his services so they revenues are earned.

d) intangible assets: refers to trademarks, patents and other assets which related to the business. the customers account are tangible, they are a know value

e) accounts receivable: correct.

This represent the collectible amount from customers, which is exactly what it is happening. The Dr gives a certain amount of time to receive the payment for his services. While the services aren't paid, the Dr has "Accounts to receive"

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3 years ago