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Vera_Pavlovna [14]
2 years ago
8

Olivia is considering working a secretary job for a small law firm. Given the opportunity costs of working the job, she will not

accept a
wage less than $12 per hour. Which of the following is likely to raise Olivia's reservation wage?
A.Olivia learns that employees are paid bonuses at the end of every month.
B.Olivia has spent all of her savings and is struggling to pay rent.
C.Olivia learns that the job is more challenging than she initially thought.
D.Olivia takes on more debt and is struggling to make payments on time
Business
1 answer:
SOVA2 [1]2 years ago
8 0

What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought

Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.

<em><u>Factors that lead to changes in reservation wages</u></em>

  • Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
  • Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
  • Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.

To learn more about reservation wage, please check: brainly.com/question/14293413?referrer=searchResults

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A. Buy government securities.

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Division ABC has $750,000 invested in assets and earned $200,000 in income. Division XYZ has $800,000 invested in assets and ear
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Answer:

Division XYZ has the highest residual income

Explanation:

Residual income is the excess of the controllable profit over the opportunity cost of capital invested.

It is used to appraise and evaluate the performance of separate divisions of the same company where different managers are responsible for each

It is computed as follows:

Residual income = Controllable profit - (cost of capital× operating assets)

<em>Division ABC</em>

Residual income = 200,000 - (10%×750,000) = $125,000

Residual income= $125,000

<em />

<em>Division XYZ</em>

Residual income = 210,000 - (10% ×800,000) = $130 ,000

Residual income= $130,000

Division XYZ has a higher residual income of $130,000 compared to the $125,000 of division ABC. A difference of $5,000 higher.

4 0
3 years ago
It is important for the salesperson to pay close attention to the buyer's interests during the need discovery phase to:
masha68 [24]

Based on business strategy, the salesperson needs to pay close attention to the buyer's interests during the need discovery phase to "<u>uncover the dominant buying motives."</u>

<h3>What is the Need Discovery Phase?</h3>

The need discovery phase is when firms or salespeople try to understand the motives of the consumers, their needs, and requirements.

As a salesperson, knowing why the buyer or consumer wants to buy a product will give you an edge to know how to market your products to the consumer.

Hence, in this case, it is concluded that the correct answer is "<u>uncover the dominant buying motives."</u>

Learn more about Need Discovery Phase here: brainly.com/question/25571041

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Eric is an inventory manager at a garment manufacturing firm. How should he plan the ordering of inventory? A. He should order l
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B

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jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e
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Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from<u> First Mover Advantage. </u>

<u />

First Mover Advantage:

  • Involves being the first company or brand to enter a certain industry
  • Gives the brand a competitive advantage and customer loyalty over other competitors
  • Allows company to perfect services offered

In trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.

In conclusion, Jameson hopes to benefit from First-Mover Advantage.

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