Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 40 million bottles of wine were sold every month, at a price of $5 per bottle. After the tax, 34 million bottles of wine are sold every month; consumers pay $6 per bottle (including the tax), and producers receive $2 per bottle. The amount of the tax on a bottle of wine is how much per bottle? Of this amount, the burden that falls on consumers, is how much per bottle, and the burden that falls on producers is how much per bottle?True or False: The effect of the tax, on the quantity sold, would have been smaller, if the tax had been levied on producers.
Answers
Answer: The answer is given below
Explanation:
From the question, we are informed that before the tax, 40 million bottles of wine were sold every month, at $5 per bottle and that after the tax, 34 million bottles of wine are sold every month;
consumers pay $6 per bottle which include the tax and producers receive $2 per bottle.
Since after tax, the amount that is paid by the consumers is $6 per bottle and the amount that is received by the producers is $2 per bottle. Therefore, the amount of tax on wine will be:
= $6 - $2
= $4 per bottle
The tax burden that falls on the consumers will be the difference between the price paid after tax and the price that is paid before the tax. This will be:
= $6 - $5
= $1 per bottle
The tax burden on the producers will b the difference between the price received before the tax and the price received after the tax. This will be:
= $5 - $2
= $3 per bottle
False, the effect of the tax, on the quantity of wines that are sold, would not have been smaller, if the tax had been levied on the producers. The effect is thesame whether it's levied on the producers or on the consumers.
Related Questions
3 key success factor of effective environmental risk management
Answers
Answer:
Cybersecurity studies and implementation
Security and resilience policy and procedure development
Climate adaptation and resilience planning
"B) Recall the last time you ate at an expensive restaurant where you paid the bill. Now think about the last time you ate at a similar restaurant, but your parents paid the bill. Did you order more food (or more expensive food) when your parents paid? Explain how this relates to the agency problem in corporations.
"
Answers
Answer:
When a person goes to an expensive restaurant and the parents pay, this person is likely to order more food than if this person goes and pays himself or herself.
This is because in the first case we have the agency problem, because the principal, the parents, and the agent, the child, do not always act on each other best interests.
In the second case, on the other had, this problem does not exist because principal and agent are the same person, since the person who orders is the same person who pays.
What is a periodic adjustment cap?
O A. A limit on how many times the rate can be adjusted
B. A limit on how much an ARM's interest rate can change at each
adjustment period
O C. A limit on a loan's initial interest rate
OD. A limit on how many years a loan can be for
Answers
Answer: B. A limit on how much an ARM’s interest rate can be changed at each adjustment period
Explanation:
Mendelson Laboratories purchased engineering equipment at a cost of $420,000. Shipping costs totaled $15,000. Installation cost was $8,000. An additional electrical line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,000. The capitalized cost is:
Answers
Answer:
The capitalized cost is $455,000
Explanation:
According to the Standard (IAS 16) costs of an item of Property, Plant and equipment include the Purchase Costs and any other costs directly attributable to placing the asset in the location and condition for use as intended by management.
Calculation of Costs of Equipment :
Purchase Costs $420,000
Shipping costs $15,000
Installation cost $8,000
Electrical line $3,000
Labor and testing costs $6,000
Material in testing $3,000
Total cost $455,000
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of 0.25 and fixed costs of $40,000. Every dollar of sales contributes 25 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.75 and fixed costs of $440,000. Every dollar of sales contributes 75 cents toward fixed costs and profit. Both companies have sales of $800,000 for the month. Required: a. Compare the two companies’ cost structures. b. Suppose that both companies experience a 15 percent increase in sales volume. By how much would each company’s profits increase?
Answers
Answer:
Greenback Store One-Mart
Amount % Amount %
a. Sales $800,000 100% $800,000 100%
Variable cost $600,000 75% $200,000 25%
Contribution margin $200,000 25% $600,000 75%
Fixed cost $40,000 5% $440,000 55%
Operating profit $160,000 20% $160,000 20%
Break even point $160,000 $586,666.67
Workings
Greenback Store Break even point = Fixed cost / Contribution margin ratio = 40,000 / 0.25 = 160,000
One-Mart Break even point = Fixed cost / Contribution margin ratio = 440,000 / 0.75 = 586,666.67
b. Greenback Store
Increase in sales = $800,000*15% = $120,000
Company profit Increase by + (Increase in sales * Contribution margin ratio = 120,000 * 25% = $30,000
Thus, with the increase in 15% of sales of Greenback Store, the profit of the company increase by $30,000
One-Mart
Increase in sales = $800,000*15% = $120,000
Company profit Increase by + (Increase in sales * Contribution margin ratio = 120,000 * 75% = $90,000
Thus, with the increase in 15% of sales of One-Mart , the profit of the company increase by $90,000.
If a firm is operating at a point on its long-run average total cost curve where the slope is negative, it
is
O experiencing increasing returns to scale
O experiencing constant returns to scale
O experiencing decreasing returns to scale
O achieving efficient scale
O
making progressively less as it increases its inputs
Answers
A company is enjoying growing returns to scale if it is performing at a position on its long-run total cost average curve at which slope is negative.
What in business is the firm?A partnership is a for-profit enterprise that often takes the form of a partnership and offers professional services like accountancy or legal counsel. According to the philosophy of the firm, places operate to maximize profits.
Why does "firm" signify "company"?The phrase "business house" first appeared there in English language in 1744, according to an International Etymology Dictionary. It is said to have originated from the German term Firma, which meant "a firm, name of either a firm" and was derived as from Italian words Firma, which meant "signature," and Firmare, which meant "to sign."
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explain five aspects that must be considered when setting up a business venture
Answers
Five factors that must be considered business venture in the identification of Your skills, Audit the market call for Your idea, check for Availability of assets, paintings on an economic Plan, and Be geared up to face Failure.
The business venture definition is a new business that is shaped by a plan and expectation that monetary gain will observe. regularly, this type of enterprise is called a small commercial enterprise, because it normally starts offevolved with a small number of economic resources.
A business venture is any entrepreneurial organization it is created to make money. sure, that encompasses lots of different things. something from eating places to multimillion-greenback Silicon Valley tech startups to even the lemonade stand run via your neighbor's child may be taken into consideration as a business challenge. project capital is a shape of personal equity financing this is furnished by means of assignment capital corporations or finances to startups, early-degree, and emerging organizations that have been deemed to have high increase ability or that have verified high growth.
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In an unrelated acquisition, if five firms are interested in acquiring a firm and each of the bidding firms had a current market value of $30,000 while the current market value of the target firm is $20,000, this acquisition is likely to generate economic profits of ________ for the acquiring firm.
Answers
Answer:
It is not possible to determine the economic profits that the acquiring firm will generate from the acquisition based on the information provided.
The economic profits of an acquisition depend on various factors such as the price paid for the target firm, the synergies and efficiencies that can be realized by combining the two firms, and the potential growth and profitability of the target firm in the future.
In this scenario, it is only stated that five firms are interested in acquiring a firm with a current market value of $20,000, and each bidding firm has a current market value of $30,000. This information alone does not provide enough detail to calculate the expected economic profits for the acquiring firm.
Therefore, additional information such as the final acquisition price and other factors that could impact the acquisition's profitability would be needed to determine the economic profits generated by the acquisition.
Explanation:
The following classification scheme typically is used in the preparation of a balance sheet:
a.
Current assets
f.
Current liabilities
b.
Investments and funds
g.
Long-term liabilities
c.
Property, plant, and equipment
h.
Contributed capital
d.
Intangible assets
i.
Retained earnings
e.
Other assets
Using the letters above and the format below, indicate the balance sheet category in which an entity typically would place each of the following items. Indicate a contra account by placing your answer in parentheses.
1._____Long-term receivables
2._____Accumulated amortization
3._____Current maturities of long-term debt
4_____Notes payable (short term)
5._____Accrued payroll taxes
6._____Leasehold improvements
7._____Retained earnings appropriated for plant expans
8._____Machinery
9._____Donated capital
10._____Short-term investments
11._____Deferred tax liability(long term)
12._____Allowance for uncollectible accounts
13._____Premium on bonds payable
14. _____Supplies inventory
15._____Additional paid-incapital
16._____Work-in-process inventory
17._____Notes receivable (short-term)
18._____Copyrights
19._____Unearned revenue(long-term)
20._____Inventory
Answers
Answer:
Long-term Receivables: Other Assets
Accumulated Amortization: Intangible Assets
Current maturities of long-term debt: Current Liabilities
Notes payable (short-term): Current Liabilities
Accrued payroll taxes: Current Liabilities
Leasehold improvements: Property, Plant and Equipment
Retained earnings appropriated for plant expansion: Retained Earnings
Machinery: Property, Plant and Equipment
Donated capital: Contributed Capital
Short-term investments: Current Assets
Deferred tax liability (long-term): Long-term Liabilities
Allowance for uncollectible accounts: Current Assets
Premium on bonds payable: Long-term Liabilities
inventory: Current Assets
Additional paid-in capital: Contributed Capital
The following classification scheme typically is used in the preparation of a balance sheet is Current assets. (a)
Other Assets - Long-term receivables Intangible Assets - Accumulated amortization Current Liabilities - Current maturities of long-term debtCurrent Liabilities - Notes payable (short term)Property, Plant and Equipment - Accrued payroll taxes Property, Plant and Equipment - Leasehold improvementsRetained Earnings - Retained earnings appropriated for plant expansionProperty, Plant and Equipment - MachineryContributed Capital - Donated capitalCurrent Assets - Short-term investmentsLong-term Liabilities - Deferred tax liability(long term)Current Assets - Allowance for uncollectible accountsCurrent Assets - Premium on bonds payableCurrent Assets - Supplies inventoryContributed Capital - Additional paid-incapitalLong-term Liabilities - Work-in-process inventoryContributed Capital - Notes receivable (short-term)Current Assets - CopyrightsContributed Capital - Unearned revenue(long-term)Current Assets - InventoryWhat is Current Assets?
In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle or financial year.
What is Classification scheme?In information science and ontology, a classification scheme is the product of arranging things into kinds of things or into groups of classes.
What is a balance sheet?In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization.
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A savings account earns 8% interest. If $1,000 is invested, how many years is it until each of the following amounts is on deposit?a. $1,360b. $2,720c. $4,316d. $6,848
Answers
Answer:
a. 4 years
b. 19 years
c. 19 years
d. 25 years
Explanation:
The number of years, n is calculated for each future value as follows :
a. $1,360
Pv = - $1,000
Pmt = $ 0
P/y = 1
r = 8 %
Fv = $1,360
n = ?
Using a Financial Calculator, the number of years, n is 3.9953 or 4 years
b. $2,720
Pv = - $1,000
Pmt = $ 0
P/y = 1
r = 8 %
Fv = $2,720
n = ?
Using a Financial Calculator, the number of years, n is 13.00 or 13 years
c. $4,316
Pv = - $1,000
Pmt = $ 0
P/y = 1
r = 8 %
Fv = $4,316
n = ?
Using a Financial Calculator, the number of years, n is 19.00 or 19 years
d. $6,848
Pv = - $1,000
Pmt = $ 0
P/y = 1
r = 8 %
Fv = $6,848
n = ?
Using a Financial Calculator, the number of years, n is 24.9991 or 25 years
What is it Unrealized gains
I need help please
Answers
Do you think that MTV’s future lies mostly in its international operations? Explain your
Answers
for individuals the economic term specialization refers to
Answers
In economics, the term "specialization" refers to the process by which individuals, firms, or countries focus their efforts on producing a limited range of goods or services.
It involves concentrating on a specific area of expertise or skill set rather than trying to produce everything that is needed. Specialization is driven by the concept of comparative advantage, which suggests that individuals or entities should allocate their resources to the activities they can perform most efficiently compared to others. By specializing, individuals can take advantage of their unique skills, knowledge, and resources to increase productivity and efficiency.
Specialization often leads to increased productivity because individuals can become more proficient and experienced in their specialized area. This efficiency gains from specialization can be attributed to factors such as the ability to develop specific expertise, use specialized tools or technology, and benefit from economies of scale.
Furthermore, specialization promotes trade and exchange between individuals, firms, or countries. By focusing on what they specialize in, individuals or entities can produce a surplus of goods or services, which they can then exchange with others who specialize in different areas. This exchange of specialized products or services allows for increased economic efficiency and a wider range of goods and services available to consumers.
Overall, specialization plays a vital role in economic development and growth by promoting efficiency, productivity, and trade. It allows individuals and entities to leverage their unique skills and resources, leading to economic specialization at both the individual and aggregate levels.
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Free Cash Flow
100
Growth rate
2%
Tax Rate
1%
Cost of Capital
5%
Debt-to-total value
50%
Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?
Answers
Answer:
Explanation:
Terminal value of business Formula = FCF (1+g)/(WACC- g)
Where:
FCF= current free cash flow = 100
g= Growth rate = 2%
WACC = Weighted average cost of capital = Cost of capital = 5%
Terminal Value of the business= FCF (1+g)/(WACC- g)
Terminal Value of the business= 100 (1+2%)/(5%- 2%)
Terminal Value of the business= 3,400
When a supervisor repeatedly rubs the back of a female employee's neck and puts his arm around her, but does not say anything or ask for sexual favors, it is?O Hostile environment sexual harassmentO Verbal sexual behavior that creates a hostile environment
O Unwelcome requests for sexual favors
O Unwelcome sexual advances
Answers
When a supervisor repeatedly rubs the back of a female employee's neck and puts his arm around her, but does not say anything or ask for sexual favors, it is a form of unwelcome sexual advances. Option B
Unwelcome sexual advances refer to any advances of a sexual nature that are unwanted or uninvited by the person to whom they are directed. These advances may be verbal, physical, or visual and may be explicit or implicit. Any unwelcome conduct of a sexual nature that creates an intimidating, hostile, or offensive work environment may constitute sexual harassment.
In this case, the supervisor's behavior can be considered unwelcome sexual advances because he is physically touching the employee in a manner that is intimate and suggestive, even though he is not saying anything or asking for sexual favors. The repeated nature of the behavior can also contribute to the creation of a hostile work environment, which is another form of sexual harassment.
It is important for employers to take a proactive approach to preventing sexual harassment in the workplace. This may include providing training to employees on what constitutes sexual harassment, establishing clear policies and procedures for reporting harassment, and enforcing consequences for employees who engage in harassing behavior.
Overall, any behavior that creates an unwelcome or intimidating work environment can be considered sexual harassment. Employers have a responsibility to ensure that their workplaces are free from harassment and to take swift action when harassment is reported or observed. Option B.
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A major drawback with lot-for-lot sizing is?
a) high setup costs
b) low investment costs
c) low setup costs
d) high capital investments
Answers
Answer:
c is the answer I think because I just think
Which of the following information is not displayed on a company’s profile (tearsheet) page on Capital IQ?
Answers
The information is not displayed on a company’s profile (tearsheet) page on Capital IQ is information that is not concern the company.
What is a Tearsheet page?A tear sheet, can be regarded as the fact sheet, which is usually a one-page document that comprises the key financial information that concern a particular company.
It do contain the overview of leadership and services and This page provides the necessary business description as well as the, industry classification of the investors, hence The information is not displayed on a company’s profile (tearsheet) page on Capital IQ is information that is not concern the company.
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38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form
Answers
A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.
A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.
A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.
In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.
In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.
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In 2023, Indiana Jones made the following charitable contributions:
Donee Property AGI limit Cost FMV
City Hospital Cash 60% $ 20,000 $ 20,000
Salvation Army Clothes 50% $ 4,000 $ 1,500
State University IBM stock 30% $ 15,000 $ 25,000
Determine the maximum amount of charitable deduction for Indiana Jones’s contribution in 2023, if his AGI is $100,000 this year. You may assume that the stock has been owned for 10 years.
Answers
The maximum amount of charitable deduction for Indiana Jones's contributions in 2023, with an AGI of $100,000, would be $46,500.
To determine the maximum amount of charitable deduction for Indiana Jones's contributions in 2023, we need to calculate the deductible amount for each contribution based on the AGI limits and the type of property donated.
1. City Hospital Cash: Since it is a cash donation, the deductible amount is limited to 60% of Indiana Jones's AGI. Therefore, the deductible amount for this contribution would be $20,000.
2. Salvation Army Clothes: As this is a donation of clothes, the deductible amount is limited to 50% of Indiana Jones's AGI. However, the deductible amount cannot exceed the lesser of the property's cost or fair market value (FMV). In this case, the deductible amount would be $1,500, which is the FMV of the donated clothes.
3. State University IBM Stock: Since it is a donation of appreciated stock that has been owned for more than a year, the deductible amount is limited to 30% of Indiana Jones's AGI. However, the deductible amount cannot exceed the lesser of the property's cost or FMV. In this case, the deductible amount would be $25,000, which is the FMV of the donated IBM stock.
To calculate the maximum charitable deduction, we need to sum up the deductible amounts of all the contributions:
$20,000 (City Hospital Cash) + $1,500 (Salvation Army Clothes) + $25,000 (State University IBM Stock) = $46,500
Therefore, the maximum amount of charitable deduction for Indiana Jones's contributions in 2023, with an AGI of $100,000, would be $46,500.
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recommend two ways in which women and children can be protected from discrimination and violence
Answers
Answer:
People always assume woman and children need to be protected from discrimmination, when in reality, they are stronger to deal with it themselves. For examole, of they become activists and speak up for themselves, they would control the flow of discrimmination, and the children can be more edcated on what discrimmination is, and understand how to come to terms with their identitity without being silenced and viewed as weak
Explanation:
Answer: 1. Women/children could stand up for themselves
2. We are all created equal, we all deserve the same respect as anyone else. Woman, child, man, everyone should be treated as an equal
Explanation:
— I’m in 6th grade P.S.
:)
At the end of the closing process, Income Summary will hold a balance.
a) True
b) False
Answers
Answer:
False. Have a Good day I hope this helps
Explanation:
Opportunity cost is _____.
the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above
Answers
Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.
The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
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If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
Answers
Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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First, complete the table below
Answers
A hexagon is a polygon possessing six sides and angles. It exemplifies the traits of a regular polygon, signifying that each of its six sides measures identical lengths, while the measurment of all angled corners comprise an equivalent value (120 degrees per angle).
How to explain the shapeIt should be noted that to determine the area of a regular hexagon with regards to its side length s, refer to this formula: A = (3√3/2) × s^2.
A heptagon consists of seven pointed angles protruding from its center as well as encompassing its circumference using an equal count of respective sides attached to each corner. Such shapes can form in either regular or irregular states, however, only when uniformly oriented are they deemed "regular."
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Bob Areebob is a recognized French horn player. Bob has played as a freelance musician for several major symphonies. Last year Bob went through bankruptcy and in order to pay his rent for a couple of months took out loans from a small savings institution - Avarice Bank - and pledged his french horn as collateral. He was unable to make the first payment on the loan so the bank was getting ready to take the french horn for non-payment. Bob approached the director of the Gilroy Philarmonic International Symphony - Joe Dogooder - for help - asking him to guarantee payment so he does not lose his french horn. Joe agreed to guarantee the payment - partially because Bob is scheduled as the featured performer at the Classic Polka Festival in Gilroy which Joe manages. Joe called Avarice Bank and said if Bob could not pay, he would, and Avarice accepted his guaranty by phone. Bob played for the Polka Festival; it was a big hit and very successful, but immediately after, left town with Sally Swansong, the well-known international Polka singer/dancer, and their whereabouts are unknown. Avarice has contacted Joe and indicated they have not collected from Bob and they expect him to pay the debt. Joe told Avarice they did not have anything in writing from him (though there are witnesses who heard Joe guarantee payment) and he believes he will not be liable for Bob's debt. Avarice has indicated it will file suit for payment against Joe. Discuss both sides of this case, indicating who should prevail and why. Use the Issue: what is the legal issue/dispute? Decision: who should prevail? Support: support for your decision.
Answers
ANSWER:
Issue: Oral agreement; without proper documentation of what was agreed upon.
Decision: Avarice will loss the case, and Joe will be set free by the court.
Support: Because Avarice does not have any valid prove to show that Joe accepted to repay Bob loans in case he fails to pay up, the court will assume Avarice is forging a claim on Joe. A withiness only comes to court to testify the validity of a prove. Because Avarice does not have any prove, the witness is as good as nothing.
The court will dismiss the case because Avarice became unethical by granting the request made by Joe without any signed agreement or recorded call conversation.
An application of the Law of Supply is,
Answers
Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.
Explanation:
Help soon! Its Sunday and i have too much over due homework ;-;
Answers
Answer:
the first one at the left goes with the third one on the left.
the second on the left goes with the second one .
the third one goes with the first one
and the last one goes with the last one
Which one of the following is NOT one of the major business functions or specialized tasks performed by business organizations and supported by information systems?
A. Sales and marketing
B. Human resources
C. Finance and accounting
D. Manufacturing and production
E. Collective bargaining
Answers
This a process which engages working people through union. They negotiated a contract with owner& the employers to get information details about the term of employment like pay, benefits, house leves,,health, safety policies.
Help to ensure balance work and personal relationship.
Sale HR financial and production are important business functions & supported heavily by information systems.
Collective bargaining is a negotiating process not core business function or specialised task.
In August with classes about to begin, the teachers in a large school district were negotiating a new contract. Union reps and management negotiated and
reached an agreement on 8 of 10 points-all except number of school days and wages. The school district and the union had overlapping numbers for each of
these two categories. In this case, acceptable numbers on either side are the bargaining
Multiple Choice
matrix
platform.
footprint.
zone.
Answers
The correct answer is Bargaining Matrix.
What is Bargaining matrix?Bargaining matrix is a tool used in contract negotiations between two sides, generally a union and an employer. It is used to compare and contrast the proposals of each side, and to identify potential areas of agreement and disagreement. The matrix provides a visual representation of the entire negotiation process.
By comparing the numerical scores from each side, it is easy to see which proposals have been accepted and which are still being negotiated. This helps to keep the discussion focused and efficient.
The bargaining matrix is an effective tool for negotiating a contract. It helps to reduce the complexity of the process, making it easier for both sides to reach an agreement that is satisfactory to both parties. This is especially important when the two sides have overlapping demands. By comparing the numerical scores, it is possible to identify common ground and to create a platform for meaningful negotiations.
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