3a. (10 marks) High and rising inequality harms our societies in many respects, not least in terms of economic growth. It can hamper social cohesion, results in lost opportunities for many, and can even result in worse health outcomes. Briefly discuss this statement with reference to the main drivers of income inequality and the policies necessary to promote inclusive growth. (15 marks)
Answers
The statement "High and rising inequality harms our societies in many respects, not least in terms of economic growth. It can hamper social cohesion, results in lost opportunities for many, and can even result in worse health outcomes" is accurate as income inequality is linked to a wide range of negative social and economic consequences.
The following are the primary drivers of income inequality:
1. Education: Education is one of the most important factors in determining someone's earnings. People who complete higher education are more likely to be employed in higher-paying jobs.
2. Globalisation:
Globalisation has resulted in increased trade and cross-border investments, but it has also resulted in greater inequality within countries as industries move to countries with lower wages.
3. Technological innovation: Technological advancement has resulted in a significant reduction in low-skilled jobs, which has contributed to income inequality.
Policies necessary to promote inclusive growth are:
1. Education: Education is one of the most critical policies to reduce income inequality. Greater access to high-quality education can help to level the playing field by increasing the number of skilled workers.
2. Progressive taxation: Taxes can be used to redistribute income from the wealthy to the poor. A more progressive tax system can be used to accomplish this.
3. Minimum wage laws: A minimum wage can ensure that all employees receive a basic level of income, resulting in reduced income inequality.
4. Social safety net programs: Social programs, such as welfare and food assistance, can help those in poverty.
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Related Questions
In 2012, James Bond played by actor Daniel Craig in the film Skyfall ordered a Heineken instead of his traditional "shaken, not stirred martini." The U.S. division of Heineken reportedly paid $45 million to have the product featured in the movie. This is an example of a(n):
Answers
The situation described is an example of product placement in film.
Product placement is a marketing strategy where brands pay to have their products prominently featured in movies, TV shows, or other forms of media.
In the case of James Bond's character ordering a Heineken in the film Skyfall, it was a deliberate placement of the brand within the movie. According to reports, the U.S. division of Heineken paid $45 million for this placement.
Product placement in films can provide significant exposure for brands, reaching a wide audience and associating their products with popular characters or franchises.
While the specific impact of the Heineken placement in Skyfall on the brand's sales or brand image is difficult to quantify, it demonstrates the effectiveness of strategic partnerships between brands and movies.
Product placement deals can generate substantial revenue for both parties involved, allowing brands to gain visibility in a non-intrusive manner while contributing to the production budget of the film.
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Which person would most likely want to invest all of his or her savings in a
hedge fund?
A. A retiree who is most interested in keeping her deposits safe
B. A student who wants his money to grow as quickly as possible
C. A teacher who would like to have a diversified set of investments
D. A doctor who wants to avoid paying taxes on retirement income
SUBMIT
Answers
Answer:
C. A teacher who would like to have a diversified set of investments
A company wishes to pay out all available profits as dividends. Net profit is GHS26,600. There are 20,000 8% preference shares of GHS1 each, and 50,000 ordinary shares of GHS1 each. GHS5,000 is to be transferred to general reserve. What ordinary dividends are to be paid?
Answers
The ordinary dividend per share is GHS0.4.
In the case that a company wishes to pay out all available profits as dividends, In the given question, the net profit is GHS26,600, 20,000 8% preference shares of GHS1 each and 50,000 ordinary shares of GHS1 each are present, and GHS5,000 is to be transferred to general reserve. Now, we can find out the ordinary dividends that are to be paid as follows:
Firstly, we need to calculate the preference dividend, which is given as:Preference dividend = 20,000 × 1 × 8/100 = GHS1,600Total amount transferred to general reserve = GHS5,000
Therefore, the amount available for ordinary dividends = GHS26,600 – GHS1,600 – GHS5,000= GHS20,000We can calculate the ordinary dividend per share as follows:Ordinary dividend per share = Total amount available for ordinary dividends / Number of ordinary shares= GHS20,000 / 50,000 = GHS0.4
Thus, the ordinary dividend per share is GHS0.4.
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Kanha is a student at the University of Tennessee who recently got his first F. Now he has to make a decision about how to get his grades back up. Having recently taken a class on decision making, Kanha decides to follow the six-step process for deciding what to do. What problem is Kanha most likely to face during the development of alternatives step in the decision-making process?
Satisficing, or choosing the first solution that works, not the best solution
Neglecting to gather information on whether or not the plan was successful
Not having the time to take all of the steps outlined in his plan
Considering only "tried and true" solutions without creating new possibilities
George is a manager at Motorola who has lost five of his employees last year. Now he has to make a decision about how to retain the employees on his team. Having recently taken a class on decision making, George decides to follow the six-step process for deciding what to do. What problem is George most likely to face during the implementation of chosen alternative step in the decision-making process?
Not being aware enough of things going on around him to see where problems and opportunities exist
Not having the time to take all of the steps outlined in his plan
Satisficing, or choosing the first solution that works, not the best solution
Considering only "tried and true" solutions without creating new possibilities
Answers
For Kanha, the problem he is most likely to face during the development of alternatives step in the decision-making process is: Considering only "tried and true" solutions without creating new possibilities.
For George, the problem he is most likely to face during the implementation of chosen alternative step in the decision-making process is:
Not being aware enough of things going on around him to see where problems and opportunities exist.
Decision-making is the process of selecting the best course of action from available alternatives to achieve a specific goal or solve a problem. It involves gathering relevant information, evaluating different options, and making a choice based on rational analysis or personal judgment.
The decision-making process typically involves the following steps:
Identifying the problem or decision to be made: Clearly define the issue that needs to be addressed or the goal to be achieved.
Gathering information: Collect relevant data and facts about the problem or decision, including potential alternatives and their potential outcomes.
Generating alternatives: Brainstorm and create a range of possible solutions or courses of action that could address the problem or help achieve the goal.
Evaluating alternatives: Assess the pros and cons of each alternative, considering factors such as feasibility, potential risks, costs, benefits, and alignment with goals and values.
Making a decision: Select the best alternative based on the evaluation and analysis conducted. This could involve using logical reasoning, intuition, or a combination of both.
Implementing the decision: Put the chosen alternative into action, allocating resources, communicating the decision, and initiating any necessary steps or changes.
Evaluating the results: Assess the outcomes and effects of the decision to determine its effectiveness in solving the problem or achieving the desired goal. If needed, adjust the approach or make further decisions based on the evaluation.
Throughout the decision-making process, it's important to consider the potential impact on stakeholders, gather input from relevant parties, and ensure ethical considerations are taken into account. Effective decision-making involves a balance of analysis, creativity, critical thinking, and judgment.
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sally is an experienced project manager and has been overseeing the training program across her matrixed organization. she is weighing the training costs and the benefits. which is the best result-based metric to use in this scenario? answers a. employee turnover rate b. supervisor reports c. employee feedback d. test scores after training
Answers
D) test scores after training this will be the best result-based metric for sally to use in her organization.
Test scores after training can be a useful result-based metric to evaluate the effectiveness of the training program, as they provide direct and objective evidence of the learning that has taken place. By measuring the test scores of employees before and after the training, Sally can determine the extent to which the training has improved their knowledge and skills. This information can be used to evaluate the quality of the training program and to identify areas for improvement. High test scores after training can be a good indicator that the training program has been effective in helping employees acquire the knowledge and skills they need to perform their jobs more effectively.
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Please help me don’t write if you don’t know how to solve it
Answers
Answer:
see below
Explanation:
1. Business Revenue
Revenue is the income generated from normal business operations. In this case, normal business operations are selling T-shirts.
The shop sold 25 t-shirts at 70 Dhs each.
Revenue is quantity sold multiplied by sales price
i.e., Revenue = quantity sold x selling price per unit
=70 x 25 Dhs
=1,750 Dhs
2. Business total cost
Costs are the expenses incurred in producing goods intended for sale.
The cost of producing one t-shirt is 15 Dhs.
The cost of producing 70 t-shirts will be.
Total cost = total quantity produced x unit cost
= 70 x 15 Dhs
=1,050 Dhs
3. Business profit
Profit is the income earned from business operation after deducting the cost from the revenues.
I.e., profits = revenue - cost
For this shop
profits = 1,750 Dhs - 1,050 Dhs
Profits = 700 Dhs
The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answers
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
Mark as Brainliest please!
Ill give u a cookie
Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
________ is the expectation that successful performance of the task will lead to the desired outcome. Multiple Choice Instrumentality Expectancy Valence Effort
Answers
Expectancy can be described as the expectation that successful performance of the task would lead to the desired outcome.
Expectancy gives a description of what the person believes that they can do. It is the belief of a person that the effort that they put into a task would help them to achieve performance goals.
The belief that this person has is usually based upon
Self confidencePrior experienceThe theory explains that a person is going to be more motivated to perform if their past effort was recognized.
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the perfectly competitive, profit-maximizing firm will produce __________ units of output.
Answers
The perfectly competitive, profit-maximizing firm will produce **output at the level** where **marginal cost equals marginal revenue**.
In a perfectly competitive market, firms are price-takers and have no control over the market price. To maximize profit, they will produce up to the point where marginal cost (MC) is equal to marginal revenue (MR). This is because, at this point, the cost of producing an additional unit of output is exactly equal to the revenue generated from selling it, ensuring that profit is maximized. If the firm were to produce more or less than this level, its profits would be lower. This concept is known as the **profit-maximization rule** and is applicable to all firms, regardless of their market structure. However, it is particularly relevant for perfectly competitive firms, as they cannot influence the market price or demand for their products.
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How can society increase wages without leading to higher unemployment? In your answer make sure to reference all of the following: a. Labor productivity b. Demand for labor (and how to increase demand
Answers
In order to increase wages without leading to higher unemployment,
The following aspects must be taken into account:
a. Labor productivity: The rise of labor productivity can increase wages without leading to unemployment. This implies that labor should be able to generate more output per hour of work.
b. Demand for labor: The increase in demand for labor can be achieved by creating new job opportunities by expanding the scope of economic activities and also by creating a more conducive environment for firms and industries to flourish. It also helps in meeting the market needs. As a result, the demand for labor increases.
There are different strategies that society can use to increase wages without increasing unemployment. A few of them are:
1. Training programs and education: By providing skills training and education to workers, labor productivity can be enhanced. Workers can become more efficient at their jobs by learning new skills and improving existing ones. The increase in productivity can result in an increase in wages without leading to unemployment.
2. Government policies: Government policies can also play a crucial role in increasing wages without leading to unemployment. They can help to stimulate the demand for labor by investing in infrastructure projects, providing incentives to businesses, and supporting the creation of new jobs.
3. Minimum wage laws: Minimum wage laws can help to ensure that workers receive a fair wage for their work. If the minimum wage is increased, then workers will receive higher wages without any job losses. It can also help to reduce poverty levels.
4. Negotiations and collective bargaining: Workers can negotiate with their employers for higher wages and better working conditions. By bargaining collectively, they can increase their bargaining power and ensure that they receive a fair share of the profits generated by the company.
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match 5 source documents to their subsidiary books
Answers
What are the 3 types of credits?
Answers
The three main types of credit are revolving credit, installment, and open credit.
One sort of credit that has a capped limit and can be utilized up until you hit the set barrier is a line of credit. Although there may be a set repayment schedule, it usually only consists of the regular minimum installments.
A credit card would be a good example because it has a ceiling on how much you can spend on it (the credit card limit), and you can use it as much as you like until you do (then over-limit fees apply). Another illustration is a HELOC (Home Equity Line of Credit).
Another form of credit with a set payment schedule for a predetermined time period is an installment loan. A automobile loan is an example of an installment loan; you are obligated to make regular payments of a certain amount (for instance, $280 per month) until the debt is completely repaid. Mortgages, student loans, and term loans are some further examples.
Open credit is a sort of credit that needs to be paid in full every time a period, such every month, passes. Similar to a credit card limit, there is a maximum amount you can borrow, but you must repay the entire amount borrowed at the end of each period.
An illustration of this would be a cellphone bill. You can make calls, send texts, and use data each month, but you must pay for the services you used at the end of the month (including any additional usage fees). Utility bills would be another illustration (such as electricity usage in your household).
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How does M&S keep existing customers happy?
Answers
Answer:
Im not sure
Explanation:
canton has 60,000 shares of $10 par stock issued and outstanding. canton declares a 2-for-1 stock split but for convenience accounts for it as a 100% stock dividend. what is the par value per share and number of shares outstanding after the stock split?
Answers
Answer:
$10 par; 120,000 shares
Explanation:
What should you do before giving contact information for your references to a potential employer? A. Notify references and get their permission. B. Write a follow-up letter. C. Research the company on its website. D. Introduce your references to each other. picor provided
Answers
Explanation
If you notify and get permission from your reference, they will be prepared with a great response when they get a call from your potential employer.
Which best describes the facilities involved in the Healthcare cluster?
Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Some facilities are privately owned businesses that are owned by people who want to make money, and some facilities are nonprofit hospitals.
Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Many facilities are nonprofit clinics with the rest of the facilities owned and operated by private individuals to make a profit.
Answers
Answer:
Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Explanation:
The Healthcare cluster has healthcare operators such as doctors, nurses, pharmacists, and paramedics. The cluster is about the provision of health care services to the public. Facilities in the health care cluster include hospitals, clinics, health centers, chemists, pharmacies, nursing homes, medical laboratories, and many others.
The facilities in this cluster are owned and operated by different groups. The government funds and manages public health care facilities. Non-profit making organizations such as churches and other donors also own facilities that offer health care services. Private entrepreneurs are also in the health service business.
Answer:
A
Explanation:
In her strategic planning, the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating distributors, local communities, and special groupsThese three groups are?
a. external stakeholders
b. general stakeholders
c. Internal stakeholders
d. preferred stockholders
Answers
The three groups the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating on are external stakeholders, general stakeholders, and internal stakeholders. The correct option is A)
External stakeholders include individuals and organizations outside of the company, such as suppliers, customers, and other business partners. These stakeholders are important for the company's long-term success and often help shape the company's strategic planning.
General stakeholders include the employees, shareholders, and other groups within the company. These stakeholders are important for ensuring that the company is providing the best possible service and meeting its goals.
Internal stakeholders include the management team, board of directors, and other senior staff members. These stakeholders are important for ensuring that the company is performing effectively and meeting its objectives.
Preferred stockholders are those who have invested in the company and receive certain privileges, such as voting rights, dividend payments, and higher payouts in the event of a liquidation. These stakeholders are not part of the CEO's strategic planning in this particular instance.
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A value hypothesis explains the reasons why a customer may choose not to use a product. True or false
Answers
False.A value hypothesis is a declaration of the anticipated worth that a good or service will bring to its users. It describes the advantages and results that users will experience from utilising the product, as well as why users would want to use it.
A value hypothesis is defined.A value hypothesis puts forth a presumption regarding the worth of a product to potential customers. But, it's also possible that your "future clients" are assumptions. A value hypothesis focuses more on the current market.
What is an example of a value hypothesis?The value hypothesis examines how much value your product or service offers clients and, more crucially, if they are willing to pay for it.
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Why would it be a bad thing for workers (especially children) to be doing double the work during their shifts? (Think baout trying to manage two machines at one time)
Answers
Answer:
Double work can lead to the body developing a lot of health related problems due to the stress placed on it. These problems are not only bad for the workers themselves but also for the company hiring them.
Some of the health problems that may arise include:
Diabetes Increased risk of heart diseaseHigh blood pressure Depression Sleep deprivation FatigueThese problems can affect both children and adults and so double shifting should be discouraged.
As a result of these health problems, the employer may be affected by:
Absenteeism - Workers will not show up for work in order to recuperate and this will reduce the firm's productivity. Lack of concentration - sleep deprivation can lead to a lack of concentration which can lead to mistakes being made that could be costly to the company. High staff turnover - people will leave the company to avoid the stress of working double shifts and the company would have to keep spending on training new employees who will take time to learn the tricks of the trade thereby costing the company more.What is “money” and why does it
exist?
Answers
Answer:
Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.
If I am wrong please correct me.
Answer:
Money is an item that is given a specific value by a governmental body. It exists to make trade easier and more convenient, as you can sell an item for money then use that money to get something you want-- much more convenient than bartering between two different goods. Money means that things have a universal value, instead of being worth 200 apples, or a car tire because the merchant needs one right now.
The Corner Market has fixed costs of $1,600, depreciation of $1,200, a tax rate of 35%, and a cost of capital of 12%. Variable costs represent 67% of sales. What minimum level of sales must the market obtain to avoid a net loss on its income statement?
Answers
Answer:
$8,484.85
Explanation:
Fixed costs = $1,600
Depreciation = $1,200
Tax rate = 35%
Cost of capital = 12%
Variable costs = 67% of sales
Desired sales = (Fixed cost + Depreciation) / Contribution ratio
Desired sales = ($1,600 + $1,200) / (1 - 67%)
Desired sales = $2,800 / 0.33
Desired sales = 8484.84848485
Desired sales = $8,484.85
The minimum level of sales that Corner Market must obtain to avoid a net loss on its income statement is $8,484.85.
Solve it for loads of points :)
Answers
The concept map will be explained thus
Title: "Business Decisions and Accounting: Interconnected Relationship"
What is a concept map?A concept map is the diagram or graphical tool which visually represents relationships between concepts and ideas
Business Decisions: Represent the choices and actions that organizations take to achieve their goals and objectives.
Accounting: Represent the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Business decisions and accounting are interconnected, as the information provided by accounting is used to make informed business decisions. Business decisions, such as investments, financing, and expansion, can have financial impacts that are reflected in accounting records. On the other hand, accounting information is used to evaluate the performance of the business and make decisions about the allocation of resources.
In summary, business decisions drive the financial transactions that are recorded in accounting, and accounting provides the financial information that is used to make informed business decisions.
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Jasmine has provided you with Pick a Treat’s costs from last month:
Shop Rent - £2,000 Stock - £6,000
Packaging - £500 Salaries - £1,200
Utilities - £150 Insurance - £150
1. Calculate Pick a Treat’s total costs for last month. Show your working .
Answers
Answer:
£10,000
Explanation:
The total expenses will be the total cost of all the expenses which will be
=Shop rent + Stock + Packaging + Salaries +Utilities + Insurance
=£2,000 +£6,000 + £500 + £1,200 + £150 + £150
=£10,000
how did the deregulation of the mortgage industry in 1999 help produce the housing crisis of 2007 and 2008?
Answers
It allowed several new mortgage corporations to create, providing "predatory" loans that folks couldn't afford to repay.
The subprime mortgage crisis of 2007–10 stemmed from earlier growth of mortgage credit, together with borrowers who would have had problems obtaining mortgages. Each contributed to and was expedited by speedily rising home costs.
Securitization of home mortgages burning excessive risk-taking throughout the monetary sector, from mortgage originators to Wall Street banks. When U.S. housing costs began to fall, mortgage delinquencies soared, departure Wall Street banks with huge losses on their mortgage-backed securities.
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It allowed many new mortgage companies to form, offering "predatory" loans that people could not afford to repay.
The subprime loan crisis of 2007–10 stemmed from an earlier enlargement of loan credit scores, along with debtors who formerly would have had problems getting mortgages, which both contributed to and become facilitated via unexpectedly rising domestic charges.
The subprime mortgage crisis of 2007–10 stemmed from earlier growth of mortgage credit, together with borrowers who would have had problems obtaining mortgages. Each contributed to and was expedited by speedily rising home costs.
securitization of home mortgages burning excessive risk-taking throughout the monetary sector, from mortgage originators to Wall Street banks. When U.S. housing costs began to fall, mortgage delinquencies soared, departure Wall Street banks with huge losses on their mortgage-backed securities.
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Which type of ebusiness marketing technique induces websites or users to pass on a marketing message to other websites or users, creating exponential growth in the message's visibility and effect
Answers
As you rule, you should not spend more than______of your pre-tax dollars on housing?
Answers
Answer:
36%
Explanation:
According to this rule, a household should spend a maximum of 28% of its gross monthly income on total housing expenses and no more than 36% on total debt service, including housing and other debt such as car loans and credit cards. Lenders often use this rule to assess whether to extend credit to borrowers.
It cost Levi Jeans $14 to create jeans. The company wishes to mark all jeans up by $42.55. What is the retail price and markup percentage of jeans?
Answers
Answer:
0.32902467 but id move the desimal so it would be 32$ and 90 cents but u can cut of the cents sorry i suck at math i tried sorry if this didnt do much
Explanation:
the depletion of the world’s marine fish stocks due to overfishing is a classic example of:
Answers
The depletion of the world's marine fish stocks due to overfishing is a classic example of resource exploitation.
Overfishing occurs when the rate of fishing exceeds the natural replenishment rate of fish populations, leading to a decline in fish stocks. This can have severe ecological, economic, and social consequences. It disrupts marine ecosystems, jeopardizes the livelihoods of fishing communities, and threatens food security for millions of people who rely on fish as a primary source of protein.
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What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year
Answers
Answer:
C. calculating how much tax should be withheld from a person's paycheck
Explanation:
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.
Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Answer:
its c
Explanation:
just took the unit test on edge
identify two ways to deposit money into and withdraw money out of your checking account.
Answers
Answer:
There are two ways to make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM.
Explanation: