A price floor is the minimum price below which a commodity cannot be sold or the minimum wage below which employees cannot be paid. A price floor that is effective in the labor market increases the wages of employees above the market equilibrium price, resulting in increased worker surplus.Before the price floor was implemented, the equilibrium wage was lower than the price floor. This results in the minimum wage being higher than the equilibrium wage, which results in a surplus of employees at this rate and a shortage of employers at this rate.In addition, the employee's surplus, or the difference between the wage paid and the employee's reservation wage, increases. If the price floor is less than the employees' reservation wage, they will not be impacted because their wages are already higher than the minimum wage.The main answer is that an effective price floor in the labor market increases the worker surplus as compared to before the price floor. This is due to the fact that when a price floor is implemented in the labor market, it increases wages above the market equilibrium price, resulting in an increase in worker surplus.The explanation is that, before the price floor, the equilibrium wage was lower than the price floor, resulting in a shortage of employers at the minimum wage and a surplus of employees. However, when the price floor is implemented, the employee's surplus increases, resulting in a higher worker surplus.
employee attitudes, turnover, organizational culture, and resource capabilities are typical metrics in the foundational perspective of the balanced scorecard approach.
Employee attitudes, turnover, organizational culture, and resource capabilities are typical metrics in the foundational perspective of the balanced scorecard approach. (True)
What is organizational culture?The values, standards, and behaviors that make up the organizational culture have an impact on and direct the behavior of every team member. Consider it as the range of traits that characterize your company. While a dysfunctional company culture brings out traits that can harm even the most successful organizations, a great company culture exemplifies positive traits that improve performance.
Organizational culture goals and a mission statement should not be confused with culture, despite the fact that both can aid in its definition. Culture is not created by press releases or policy documents; it is created by consistent, sincere behavior. Company culture in action can be seen when you watch how the CEO handles a crisis, a team adapts to shifting customer needs, or a manager corrects an employee who makes a mistake.
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what is criminal justice
Answer:
Criminal justice is the delivery of justice to those who have committed crimes.
What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
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Please read the following case study carefully and answer the questions that follow.
When Stephanie Mayer first started working as an office assistant with AOC Enterprises Limited, she was eager and enthusiastic. She was determined to prove herself a valuable employee, so she willingly accepted additional duties and responsibilities. She eventually found that she had more work than she could manage and was unable to type some essential documents before they were due. She told her supervisor that she had placed them on her desk the previous evening, but apparently someone had moved them. When reprimanded by her supervisor, she became offended and reminded him how much she usually does for the business. She withdrew her enthusiasm and began complaining that her boss was ungrateful.
List THREE positive and THREE negative qualities that Stephanie displayed. (6points)
State TWO poor decisions Stephanie made. (2 points)
Suggest THREE ways in which Stephanie could have prevented this conflict. (6 points)
Explain how the business can be affected by the deterioration of the relationship between Stephanie and her supervisor. (4 points)
The positive qualities that Stephanie displayed include passion, determination, self-reliance while the negative qualities that she displayed include impatience, apathy, and lack of respect.
The poor decisions that were made by Stephanie include:
Complaining about how ungrateful her supervisor was.Shouting back at her supervisor rather than trying to resolve the issue.The ways that Stephanie could have prevented this conflict include:
Explaining what really happened to her supervisor.Not complaining about the ungratefulness of her boss.She could have been patient as well rather than confronting her supervisor.The deterioration of the relationship between Stephanie and her supervisor can bring about disunity in the workplace and this can lead to lower productivity.
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Find the simple interest paid.
9. Principal: $350
Annual rate: 4%
Time: 3 years
Interest
Answer:
$392
Explanation:
Using the simple interest formula....
A=P(1+rt)
A=350(1+(0.04)(3))
A=350(1+(0.12)
A=350(1.12)
A=350x1.12
A=392
Where is a good place for reviewers to start reviewing a work?
A. with the opinions of famous thinkers
B. with quotations from other reviewers
C. by analyzing the context of a work
D. by noticing their emotional reaction
Answer:
C. by analyzing the context of a work
Explanation:
We are asked what is a good place for reviewers to start reviewing a work.
By analyzing the context of a work, the work could be reviewed.
Hence C is the most appropriate option.
according to the lecture on business ecosystem analysis, which one of these is not one of porter’s five forces?
According to the lecture on business ecosystem analysis, the one force that is not included in Porter's Five Forces model is the force of complementary products and services.
Porter's Five Forces model includes the forces of competition from existing rivals, threat of new entrants, bargaining power of suppliers, bargaining power of buyers, and threat of substitute products or services. These forces help to analyze the competitiveness of an industry and the potential for profitability. However, complementary products and services, which refer to products and services that enhance or complement the main product or service being offered, are not explicitly considered in Porter's model.
The lecture notes that while complementary products and services can have a significant impact on the overall competitiveness of an industry, they are often overlooked in traditional analyses. Therefore, it is important to also consider the role of complementary products and services when conducting a thorough analysis of a business ecosystem.
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Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based remindersWhich policy highlight would discuss how to approach an employer if you need to change a scheduled interview?.
The policy highlight that would address how to approach an employer if a scheduled interview needs to be changed is: The Public highlight.
What is a Public highlight?A public highlight is an unwritten social laws institutionalized to solve unplanned problems. These policies serve as guide when implementing programs or actions created by an organization.
So for a planned interview to suddenly change, a public policy highlight would be most appropriate to implement. It gives room for an unforeseen event.
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What is the liability in sole proprietorships and partnerships??
Answer:
Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own.
Henry wrote 24 checks in April. The bank charges $0.15 a check.
The monthly service charge for the checking account is $5. What
is the total of the fees Henry pays in April on his checking
account?
Answer: $8.60
Explanation:
Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:
= 24 × $0.15
= $3.60
Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:
= $5 + $3.60
= $8.60
Therefore, the total amount that Henry will pay will be $8.60.
interest earnings of $1,600 from a taxable investment for a person in a 28 percent tax bracket would result in after-tax earnings of:
If a person in the 28 percent tax bracket earned $1600 from taxable investments, their after-tax income would be $1,152 (1,600*(1-.28)).
Each investment entails expenses. Out of all the costs, taxes can hurt the most and eat up the most of your refunds. The good news is that tax-efficient investing can reduce your tax liability and increase your bottom line, regardless of whether you want to create income or save for retirement.
You can buy and sell investments such as stocks, bonds, exchange traded funds (ETFs), and index funds using a taxable investment account. You can open one with your financial consultant, a robo-advisor, or an internet broker, and then put money into the account to buy assets.
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what is integrity
A.the attitude that you are better than others
B.The belief in your own ability to do well
C.The ability to come up with new plans or ideas
D.The practice of using ethical behavior
Answer:
\(\color{Blue}\huge\boxed{Question} \)
What is integrity\(\color{Blue}\huge\boxed{Answer} \)
C.The ability to come up with new plans or ideasDonald is a real piece of work. He always thinks that his accomplishments are the best ever, does not give credit to anyone else, and is totally incapable of accepting criticism from others. His employees do not stay on his team for very long because he never recognizes their work. Donald has a high level of ________.
Due to thinking he's the best, Donald has a high level of: Narcissism
His employees do not stay on his team for very long because he never recognizes their work. Donald has a high level of: Narcissism.
What is Narcissism?
An excessive sense of self-importance is a symptom of narcissistic personality disorder, a mental health issue. They demand excessive amounts of attention and want to be admired.
It's possible for those who have this disease to be incapable of comprehending or caring about the sentiments of others. However, beneath their outward display of excessive confidence, they actually lack confidence in their own abilities and are severely hurt by the least criticism.
Relationships, employment, education, and financial situations are just a few of the areas of life where a narcissistic personality disorder can cause issues.
People who suffer from narcissistic personality disorder may generally feel dissatisfied and let down when they don't receive the particular treatment or appreciation they feel they are due.
Others might not enjoy being around them, and they might find their relationships rocky and unsatisfying. The primary form of therapy for narcissistic personality disorder is talk therapy, commonly known as psychotherapy.
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Finding an Apartment Math Quiz
QUESTION 2 of 10: Apartment "A" has two floors 30 feet wide and 40 feet long and a 15-foot-long by 30-foot-wide third floor. Apartment "B"
has two floors that are both 40 feet long and 40 feet wide. The cost of both is $55 per square foot. What is the difference in total cost between
Apartment "A" and Apartment "B"?
To calculate the total cost difference between Apartment A and Apartment B, we need to determine the total areas of both apartments and then multiply those areas by the cost per square foot. The difference in total cost is $19,250.
Total cost refers to the overall sum of expenses incurred in producing or providing goods or services. It includes all the costs associated with production, such as raw materials, labor, overhead expenses, and any other costs directly or indirectly related to the production process. Total cost can also encompass additional expenses like marketing, distribution.
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The difference in total cost between Apartment A and Apartment B is $19,250.
Explanation:To find the total cost for each apartment, we'll calculate the area of each floor and then multiply it by the cost per square foot. Then, we'll sum the costs for each apartment and find the difference.
Apartment A:
1st floor area = 30 feet * 40 feet = 1,200 square feet
2nd floor area = 30 feet * 40 feet = 1,200 square feet
3rd floor area = 30 feet * 15 feet = 450 square feet
Total area for Apartment A = 1,200 + 1,200 + 450 = 2,850 square feet
Total cost for Apartment A
= 2,850 square feet * $55 per square foot
= $156,750
Apartment B:
1st floor area = 40 feet * 40 feet = 1,600 square feet
2nd floor area = 40 feet * 40 feet = 1,600 square feet
Total area for Apartment B = 1,600 + 1,600 = 3,200 square feet
Total cost for Apartment B = 3,200 square feet * $55 per square foot = $176,000
Now, to find the difference in total cost:
Difference = Cost of Apartment B - Cost of Apartment A
Difference
= $176,000 - $156,750
= $19,250
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on june 1, a broker and a seller enter into a listing agreement that includes a termination date of august 1. under what circumstances would the listing agreement continue?
If on June 1, a broker and a seller enter into a listing agreement that includes a termination date of August 1, the circumstances that would allow the listing agreement continues is that on June 20, the seller tells the broker to reduce the asking price.
Listing agreement refers to a contract between a property owner and a real estate broker which allows the broker to represent the seller for finding a buyer for the property. It is an employment contract and not a real estate contract as the broker is hired to represent the seller, however no property is transferred between the two parties. Most listing agreements contain a termination date and if the listing expires before the property is sold the agent will remove the property listing from the MLS. However, if there is a change in the listing price requested by the seller, the listing agreement can continue after the termination date.
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The nominal value of any economic statistic refers to the number that is actually announced at that time, while the ________________ refers to the statistic after it has been adjusted for inflation.
The nominal value takes into account the number that is actually announced at a time, while the real value refers to the statistic after it has been adjusted for inflation.
What do you mean by real value in economics?A real value of an item, additionally referred to as its relative price, is its nominal price adjusted for inflation and measures that price in phrases of every other item.
Real values are extra vital than nominal values for monetary measures, along with the gross domestic product (GDP) and private incomes.
Thus, Real value refers to the statistic after it has been adjusted for inflation.
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What are 10 things that makes a business a disruptor? (must have 10 reasons cannot be the same)
Some of the things that make a business a disruptor are:
Unstable expectationsIrregular business modelsInconsistenciesComplex business modelsComplex ecosystemsLack of job satisfactionWhat is a Business Disruptor?This refers to the factors that disrupt the normal flow of a business due to inconsistencies, etc.
Hence, we can see that based on the fact that for an effective business to run, it needs to have good vision and mission statements that are clear and easy to follow.
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why or why not hats and hoods should be allowed in school
( its detrimental this relays on the new school board meeting with student class rep)
A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products. The blog posts are designed to include the seo terms that relate to the company’s newest skin care product, using the keywords that will also be used in their advertising campaigns. What part of the e-commerce timeline would this be a part of?.
"A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products." Social Media Planning is part of the e-commerce timeline. This is further explained below.
What is Social Media Planning?Generally, A social media strategy, or strategy for using social media, is a comprehensive list of all the things you want to do and accomplish on your various social media sites.
In conclusion, "A sales associate has been employed to create blog entries that will be routinely published on a site about new beauty items," the sentence said. "The blog will discuss new beauty products." The planning of social media campaigns is included in the e-commerce timeline.
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For both articles, what can you tell me about the values of Harvard and Entrepreneur?
The article referenced is "If you want to be an entrepreneur, don't go to Harvard.
What are the values of the Harvard Graduate viz a- viz that of the Entrepreneur?Regardless of the size of the organization, "Core Values" should be prioritized. Values direct the path of business, influencing strategy and decision making. Essentially, basic principles serve as the foundation around which we develop our firm. Core Values provides several advantages to the firm.
Students at Harvard have access to classes, research institutions, and faculty mentors from around the university. It's the ideal location to explore your favorite and yet-to-be-discovered academic interests, with world-renowned teachers, cutting-edge resources, and personalized training.
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outline 2 advantages to H&H of using secondary market research
the individual responsible for the proper closing of the transaction and settlement statement is:
The individual responsible for the proper closing of the transaction and settlement statement is the closing agent.
The closing agent plays a vital role in ensuring a smooth and accurate closing process. They are typically a neutral third party, such as an attorney, title company representative, or escrow officer. Their main responsibility is to facilitate the transfer of ownership from the seller to the buyer and ensure that all aspects of the transaction are properly handled.
The closing agent reviews the transaction documents, coordinates with all parties involved, verifies the accuracy of the settlement statement, and ensures that all necessary payments and fees are collected and disbursed appropriately. They also oversee the signing of the necessary legal documents, such as the deed and mortgage, and ensure that the transaction is legally binding.
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Provide examples and discuss the differences in performance condition, market condition, and service condition in accounting for stock option compensation.
Stock option compensation is a type of compensation package that provides employees with the right to purchase company stock at a predetermined price at some future date.
It is a common way for companies to incentivize employees and align their interests with those of the company. However, the accounting for stock option compensation can be complex and involves considerations of performance condition, market condition, and service condition.
Performance condition is a type of vesting condition that is tied to the achievement of a specific performance target. For example, a company may offer stock options that vest only if the employee achieves a certain sales target or a certain level of profitability. When performance conditions are met, the stock options become exercisable. The accounting treatment for performance-based stock options varies depending on whether they are classified as liability or equity awards. If the performance target is considered probable of being met, the expense is recognized over the vesting period. If the target is not probable, no expense is recognized until the target is met.
Market condition is a type of vesting condition that is tied to the performance of the company's stock price or the stock market as a whole. For example, a company may offer stock options that vest only if the company's stock price increases by a certain percentage or if the stock market as a whole outperforms a specific benchmark. The accounting treatment for market-based stock options also varies depending on whether they are classified as liability or equity awards. If the target is considered probable of being met, the expense is recognized over the vesting period. If the target is not probable, no expense is recognized until the target is met.
Service condition is a type of vesting condition that is tied to the employee's continued employment with the company.
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Which is considered part of a person’s income for the year?
Answer:
Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.
Explanation:
a couple who borrow $80,000 for 30 years at 8.4%, compounded monthly, must make monthly payments of $609.47. (round your answers to the nearest cent.) (a) find their unpaid balance after 1 year. $ (b) during that first year, how much interest do they pay?
a) The unpaid balance after one year is of: $72,686.36.
b) The interest that they pay during the first year is of: $77,333.33.
What are the unpaid balance and the interest?Their monthly payments are of:
$609.47.
One year is composed by 12 months, hence the total payments after the first year are given as follows:
12 x 609.47 = $7,313.64.
The unpaid balance is the amount that is left to be paid, hence it is the subtraction of the total loan by the amount paid during the first year, hence:
80000 - 7313.64 = $72,686.36.
Without interest, the amount that they would pay each of the 30 years is obtained by the division of 80,000 and 30 as follows:
80000/30 = $2,666.67.
Hence the amount of interest paid during the first year is of:
80000 - 2666.67 = $77,333.33.
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Explain the importance of profit to the economy.
Answer:
Explanation:
Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products
Usa manufacturing issued 30-year, 7.2 percent semiannual bonds 6 years ago. the bonds currently sell at 101 percent of face value. what is the firm's aftertax cost of debt if the tax rate is 21 percent?
As per the bond price, the firm's after tax cost of debt if the tax rate is 21% is 3.52%
The bond in economics contains the interest payments a mandatory expense, while dividends are assumed to be optional. and here we have to know that is why interest expenses are tax deductible and dividends are not.
Here let us consider that
P refers bond price = 101% * 1,000 = $1,010
C refers bond coupon = 7.2% / 2 * 1,000 = $36
n refers number of semiannual periods = 24 * 2 = 48
Then here we will first find the semiannual yield, r, by using the bond price formula as
=> r = 3.71%
Then the yield of maturity is calculated as,
=> YTM = 3.52%.
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explain cross elasticity of demand for unrelated goods
Answer:
The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases. ... Items with a coefficient of 0 are unrelated items and are goods independent of each other.
Which of the following projects is most likely be used in STEM education to learn technology concepts?
test different sandbag materials that can help prevent flooding
investigate search engine criteria to improve search results
O analyze cleaning products to determine which ones are eco-friendly
conduct a scavenger hunt to see who can find the most geometric shapes
Answer:
investigate search engine criteria to improve search resultsExplanation:
Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.
Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.
The answer is:
A) investigate search engine criteria to improve search results