Answer:
A. is paid by firms who can't directly monitor the work effort of their employees
Explanation:
The efficiency wage refers to a wage that is greater than the equilibrium wage which firms pay to employee voluntarily in order to bring about higher productivity and profits.
The efficiency wage is usually paid in order to avoid "shirking" (screwing around) when it is not possible for firms to directly monitor the work effort of their employees.
Screwing around implies wasting time by enganging in unproductive activity.
Therefore, the theory of effiiciency wage predicts that amployees are motivated to harder ans smarter when they are paid an efficiency wage when it is not possible for firms to directly monitor the work efforts of the employees.
Answer:
Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit. Often listed in sum on the balance sheet as “current liability"
Answer:
c. consistent with the cost-benefit model because most people intuitively weigh costs and benefits
Explanation:
People weight the cost and benefit before making desitions Some times without noticing they are doing it.
Also is important to notice intuition takes a role when there are shades in the information, the effect on the personnel and when not all information is available.
<span>This is called substituting. This is a type of nonverbal or nonvocal communication. Writing, sign language, gestures, facial expressions, and eye contact are some other types of nonvocal communication. Nonverbal communication is mostly biologically based. Verbal communication is mostly culturally based.</span>
Answer:
A. Coupon.
Explanation:
A coupon is a ticket that has financial value when redeemed. A coupon is sometimes put as a free gift inside a product.
It is usually used as an advert strategy to get people to buy more products because if consumers know that they are likely to find a coupon inside each product of a particular brand they purchase, it will theoretically lead to more people buying the product in order to get the coupon.
This was the strategy used by Cracker Jack who sold brand snacks of caramel coated popcorn as it had a free prize inside every box which in turn made the product to become immensely popular.
