The statement a preference given by a country to domestic products in government procurement is a type of nontariff barrier to trade is true.
A preference given by a country to domestic products in government procurement is indeed a type of nontariff barrier to trade. Nontariff barriers are trade barriers that do not involve the imposition of tariffs (taxes on imports) but rather use other measures to restrict or distort international trade. Government procurement refers to the process by which governments purchase goods and services for public use.
When a country implements a preference for domestic products in government procurement, it means that government entities or agencies are required or encouraged to prioritize purchasing goods and services from domestic suppliers over foreign ones. This preference can take the form of various measures, such as mandatory quotas, local content requirements, or discriminatory bidding processes that favor domestic suppliers.
By favoring domestic products in government procurement, a country aims to protect and promote its domestic industries and support its economy. However, this practice can effectively limit the access of foreign suppliers to government contracts, creating a barrier to international trade. Foreign companies may face disadvantages or be completely excluded from participating in government procurement processes, which can impede their ability to compete in the domestic market.
The preference given to domestic products in government procurement qualifies as a nontariff barrier to trade because it creates an obstacle for foreign suppliers by limiting their access to government contracts.
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Emily just got a car. She needed insurance, so she has purchased the insurance and pays the premium. Who is Emily in this scenario? A. the person with power of attorney B. the insurer C. the policyholder D. the rider
Answer:
Policy holder
Explanation:
There is no power of attorney needed nor mentioned in the problem. The insurer is the one who sells the policy. The rider doesn’t have to have insurance so that is irrelevant.
Answer:
Policy Holder
June enters into a contract with Steeley Company to purchase a washer and dryer. She doesn’t understand the financing terms but signs the agreement anyway because she needs the appliances. The financing terms violate state laws on interest rate limits and she is unable to make all of her payments when they are due. Steeley sues when June breaches the contract. The court would:
Answer: be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise.
Explanation:
Judicial restraint simply means a situation whereby judges aren't allowed to inject their own preferences into rulings and legal proceedings. It simply means that judges should limit exercising their own power during legal proceedings.
In this case, since June doesn't understand the contract but still signed, the court would be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise. It's advisable for the court not to interfere in the matter and follow the normal proceedings.
Discuss the costs and benefits of the government building a new airport. What are the key opportunity costs of such a decision?
(Mention at least 3)
PLS HELP DUE ON MONDAY
Thanks
Answer:
The Costs of Building a New Airport:
Financial Investment: Constructing a new airport requires massive financial investment from the government. It must acquire land, develop infrastructure and terminal, expand runway, and fund operations. The initial capital expenditure can be substantial and ongoing maintenance and operational expenses must also be considered.
Environmental Impact: Building a new airport can present adverse environmental effects. Clearing land, construction activities, increased air traffic, and noise pollution may adversely affect local ecosystems, habitats, and communities. Environmental impact assessments and mitigation measures must be carefully evaluated and implemented to minimize ecological harm.
Benefits of Building a New Airport:
Economic Development: A new airport can stimulate economic growth by attracting more tourists, enabling business travel, and increasing trade. It can create job opportunities during construction and operation to local communities. The airport can serve as a transportation hub, enhancing connectivity and access to a region. This would attract investments and foster economic development.
Improved Infrastructure and Services: A new airport helps design and build modern infrastructure that can enhance efficiency, safety, and passenger experience. Upgraded facilities, advanced security measures, and expanded capacity can improve air travel services and create a seamless journey for passengers.
Regional Connectivity and Accessibility: A new airport can improve regional connectivity, especially in underserved areas. It may provide better transportation options, shortening travel distances and time for passengers. Enhanced connectivity could increase tourism, business opportunities, and cultural exchanges, benefiting local communities and the broader region.
Opportunity Costs of Building a New Airport:
Allocation of Resources: Building a new airport requires a significant allocation of financial resources. The opportunity cost is the potential alternative uses of those funds. For instance, the money invested in the airport could have been allocated to other infrastructure projects like roads, schools, or healthcare facilities.
Environmental Conservation: Constructing a new airport may require land that could have been preserved for environmental conservation or utilized for other sustainable purposes, such as agriculture or renewable energy projects. The opportunity cost is the potential loss of these environmental benefits.
Existing Infrastructure Upgrades: Instead of building a new airport, the government could use the resources to upgrade and improve existing airports. Upgrading existing infrastructure could result in lower costs and still provide enhanced services and increased capacity. The opportunity cost is the potential missed opportunity to improve and optimize existing assets.
Explanation:
The top five cities where venture capitalists are investing their money represent 10% of the global total.
True
False
The statement that investments made by venture capitalists represent 10% of the global total is a true statement.
What is a venture capital investor?A venture capitalist (VC) is an investor that gives younger organizations with capital an alternative for equity. New organizations regularly flip to VCs for the investment to scale and commercialize their products.
Venture capital is a shape of personal equity financing this is supplied via way of means of venture capital companies or finances to startups, early-stage, and rising agencies that have been deemed to have excessive growth ability or that have proven high boom.
Hence, The statement that investments made by venture capitalists represent 10% of the global total is a true statement.
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one primary reason why regulatory capture may occur in an industry is that:
One primary reason why regulatory capture may occur in an industry is that the regulators tasked with overseeing the industry may develop close relationships with the companies they are supposed to regulate.
This can lead to a situation where the regulators become sympathetic to the interests of the companies and prioritize their concerns over those of the public. In some cases, the regulators may even become beholden to the companies, accepting gifts or other benefits in exchange for favorable treatment.
This can result in a regulatory environment that is more focused on protecting the interests of the industry than on protecting the interests of consumers or the public at large.
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Match the best choose from the given alternative. (0.5 point each)
A
A. Acting in good faith
B. 10 Years
C. Make Law
D. Making Delivery
E. Capacity
B
1. Period of Limitation for contract
2. Obligation of buyer.
3. Judiciary
4. Legislative
5. Executive
6. Cause for termination of agency contract
7. Obligation of agent
8. Legally interdicted person
9. Child below 18 years old
10. Function of law
F. Maintaining peace and security
G. Death of principal.
H. Interpret the law I. Non-performance of buyer per contract of
J. Paying Price.
K. Have no right to conclude contract
L. Enforce the law M. Have no a capacity to do legal act
The following legal concepts are matched as follows:
A:
A - 1. Period of Limitation for contract
B - 9. Child below 18 years old
C - 4. Legislative
D - 2. Obligation of buyer.
E - 8. Legally interdicted person
B:
F - 5. Executive
G - 6. Cause for termination of agency contract
H - 10. Function of law
I - 3. Judiciary
J - 7. Obligation of agent
K - 8. Legally interdicted person
L - 1. Period of Limitation for contract
M - 9. Child below 18 years old
Who is a legally interdicted person?An interdiction is a judicial procedure in which a court is requested to decide whether a person lacks capacity or is unable to consistently make and express reasoned choices about his person and/or property. Anyone can seek another person's interdiction.
Interdicted person means a person to whom the sale, gift, or provision of an alcoholic beverage is prohibited by law or court order.
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Define Red Gross Society.
Answer: The Indian Red Cross Society is a voluntary humanitarian organization to protect human life and health based in India.
Explanation: It is part of the International Red Cross and Red Crescent Movement, and so shares the Fundamental Principles of the International Red Cross and Red Crescent Movement.
A monopolist's profit maximisation model: O a. Can be solved using either the price or the quankaly supplied as control variables, and both methods will produce identical numerical results. O b. Can only be solved using the quantity supplied as a control variable, and using the price as control variable would produce different numerical results that are not economically meaningful. OC is usually solved using the quantity supplied as a control variable, and using the price as control variable would produce different numerical results that are appropriate for describing markets in which the monopolist fixes the price rather than the quantity supplied. Od None of the above.
C). Is usually solved using the quantity supplied as a control variable, and using the price as a control variable would produce different numerical results that are appropriate for describing markets in which the monopolist fixes the price rather than the quantity supplied.
The monopolist's profit maximisation model is based on the premise that the firm seeks to maximise profits by setting the output level at which marginal revenue equals marginal cost. This can be achieved by either setting the price or the quantity supplied as the control variable. However, in most cases, the monopolist chooses to fix the quantity supplied and let the price adjust accordingly.
This is because in a monopolistic market, the firm has the power to set the price at a level that maximises profits. Using the price as the control variable in this scenario would produce different numerical results that may not be economically meaningful. A monopolist's profit maximisation model.
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2. Making choices is necessary in all economic systems because:
A. there are so many products that we cannot use them all at once
B. the government has so much money that it does not know what to do with it
C. there are so many resources compared to people’s needs that we have to choose which ones not to use
D. there are so many wants compared to scarce resources that we have to decide what to produce
Explanation:
it is d because we don't have enough resources to sustain forever so we have to figure out how to make them last.
strictly rational decision-making processes a. can be used successfully only when decisions are simple and nonpolitical. b. should be used whenever possible and always in organizations. c. often fail to create the emotional commitments necessary to ensure implementation of a policy.
Strictly rational decision-making processes are option A, B and C
can be used successfully only when decisions are simple and nonpolitical. should be used whenever possible and always in organizations. often fail to create the emotional commitments necessary to ensure implementation of a policyThe antithesis of intuitive decision-making is rational decision-making. It follows a precise process that makes use of logic and objective knowledge. It entails recognising the issue that has to be resolved, collecting data, locating options and outcomes, analysing them, taking into account all the connections, and making a decision.Making decisions logically involves following a series of procedures and processes to determine the optimal course of action. Logic and data analysis are used to make these decisions, which eliminates subjectivity and intuition.To know more about rational decision here
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You invest $X into a fund that promises a return of 9% per year. How many years will it take for
your investment to increase to a value of at least $8X? Provide your answer as an integer.
Future Value is the desired value ($8X in this case)
Present Value is the initial investment amount ($X in this case)
Interest rate is the annual rate of return (9% or 0.09 in decimal form)
n is the number of years we want to find.
To determine the number of years it will take for an investment to increase to a value of at least $8X with a 9% annual return, we can use the concept of compound interest.
The formula to calculate the future value of an investment with compound interest is:
Future Value = Present Value * (1 + interest rate)^n
Where:
Future Value is the desired value ($8X in this case)
Present Value is the initial investment amount ($X in this case)
Interest rate is the annual rate of return (9% or 0.09 in decimal form)
n is the number of years we want to find.
Substituting the given values into the formula:
$8X = $X * (1 + 0.09)^n
To simplify the equation, we can divide both sides by $X:
8 = (1.09)^n
Taking the logarithm of both sides (base 10 or natural logarithm, it doesn't matter), we can solve for n:
log(8) = log((1.09)^n)
n * log(1.09) = log(8)
n = log(8) / log(1.09)
Using a calculator, we can find that:
n ≈ 11.84
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Shelly is reading a chapter in her science book. She wants to note the main ideas and details, and wants to pay close attention to a few of the important names as she reads. How can Shelly use highlighting to make the information she is looking for stand out?
She can use three different highlighters: one for the main idea, one for the details, and one for important names. She can use one highlighter and highlight the entire paragraphs that have a main idea, detail, or important name. She can use one highlighter to highlight all of the big words in each paragraph. She can use two different highlighters: one for the first sentence of each paragraph and one for the last sentence in each paragraph.
Answer:
A. She can use three different highlighters: one for the main idea, one for the details, and one for important names.
Explanation:
Color-coding highlighters to things your need to memorize/take notes on is an esay way to know what's what without having to read everything you highlighted and hope you find the thing you need.
Answer: The first one (She can use one for the main idea, one for details, and one for important names)
Advantages of flow production
Answer:
Flow production is capital intensive. This means it uses a high proportion of machinery in relation to workers, as is the case on an assembly line. The advantage of this is that a high number of products can roll off assembly lines at very low cost.
Explanation:
Max emailed Jacob offering to sell him a diamond ring for $400. Upon receipt of the offer, Jacob immediately emailed back, "I don’t have $400. I’ll give you $300." Max replied, "That’s not high enough." Jacob then e-mailed his acceptance agreeing to pay $400. Max refused to sell the ring to Jacob. Which of the following statements is true?
A. There is no contract
B. Jacob's first response to Max is a counteroffer
C. Both A and B are true
D. There is a contract as Max accepted Jacob's offer
Answer: The correct answer is A. There is no contract.
Explanation:
In this scenario, Max's initial offer was to sell the diamond ring for $400. Jacob's response of offering $300 is considered a counteroffer, as he proposed different terms than the original offer. Max then rejected Jacob's counteroffer by stating that it was not high enough. At this point, no agreement had been reached between the parties. Jacob's subsequent acceptance of the original offer for $400 does not form a contract because Max had already refused to sell the ring to Jacob. Therefore, there is no contract between Max and Jacob
What is one benefit of continuing your education after high school?
A. The ability to earn money immediately
B. Postponing responsibility for your actions
C. Increased earnings over the course of your career
D. There is no benefit to continuing your education.
Answer:
C
Explanation:
The most relevant one because university is the place to produce expert in many fields. Thus this will increase your earnings within your course of career.
Answer:
c
Explanation:
The term asset value (AV) describes the cumulative value of an asset based on both tangible and intangible values. AV supports the SLE calculation.
True or False
True.
The asset value (AV) is the sum of tangible and intangible values of an asset. Tangible values include physical components such as equipment and buildings, while intangible values include brand recognition and intellectual property. The AV is used in the calculation of Single Loss Expectancy (SLE), which is a component of the Annualized Loss Expectancy (ALE) formula used to assess the potential financial impact of a security breach. By understanding the AV of assets, organizations can make informed decisions about how to allocate resources to protect them from potential threats. Therefore, it is important for organizations to accurately determine the AV of their assets to properly evaluate potential risks and develop effective security strategies.
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Fees
Annual Fee $30
Transaction Fees Balance tranfers—$10 or 3% of the transaction (whichever is greater)
Cash advance—$10 or 3% of the transaction (whichever is greater)
Penalty Fees Late fee: $35
Over-the-credit-limit: $35
Returned payment: $25
Based on the Schumer Box, what is the transaction fee on a cash advance of $300?
$35
$30
$25
$10
Answer:
$10
Explanation:
The cash advance fee is quoted as $10 or 3% of the transaction fee, whichever is greater.
The cash advance, in this case, is $300.
the transaction fee will be 3% of 300
= 3/100 x $300
=0.03 x $300
=$9
$10 is greater than $9; therefore, the transaction fee will be $10
Answer:
D
Explanation:
took the test
Question # 5
Multiple Choice
How would you relate the passage below to what happened with engineering during the Industrial Revolution?
Leonardo da Vinci was not only a painter, but also the designer and inventor of practical items, such as a spring-driven clock, weapons
of war, such as a catapult and a giant crossbow, and some things that never went beyond the conceptual stage, such as his ideas for
various types of flying machines. Although da Vinci only designed some things such as war machines—for clients who demanded
them, other things, such as his conceptual design for an early sort of helicopter, were a product of his restless curiosity and desire to
create
After the Industrial Revolution, engineers primarily worked as inventors, creating items either for paying clients or their own amusement.
O
Unlike da Vinci's informal approach to engineering, engineers during the Industrial Revolution began to be formally trained as
professionals taking a systematic and often specialized approach to their work.
During the Industrial Revolution, engineers came to be instructed in how to foster the creative energy that da Vinci displayed in his
endeavors
The engineering profession became less rigidly formalized during the Industrial Revolution, so much so that afterward, engineers looked
to da Vinci as the model and inspiration for their efforts.
C!!!! edge 2020
Explanation:
On edge
Answer:
option D:Unlike da Vinci’s informal approach to engineering, engineers during the Industrial Revolution began to be formally trained as professionals taking a systematic and often specialized approach to their work.
Explanation:
I tried C and got it wrong
Marco owns a retail store. Although he is buying his fall line of merchandise now, he won't actually pay for the merchandise until later. This is a type of short-term funding known as
The type of short-term funding used by Marco is known as Trade credit.
Trade credit refers to an arrangement to purchase goods or services on one's account with a promise to make cash or cheque payments at a specified of future date.
Trade credit is very important in business because the buyer will not need to pay immediate cash for purchase of goods, rather, the repayment can be made when he/she sells the goods.
Therefore, the type of short-term funding used by Marco is known as Trade credit
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what kind of technology refers as local technology or indigenous technology ?
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Explanation:
micheal worked 42 hours last week his regular pay is 10$ per. hour he is paid 1 1/2 times his regular pay for overtime hours (in excess of 40 hours) what is his gross pay?
Michael worked 42 hours last week his regular pay is 10$ per. hour he is paid 1 1/2 times his regular pay for overtime hours (in excess of 40 hours) the gross pay $430.
Explanation:-Michael worked a total of 42 hours; the number of hours he worked in excess of 40 hours was 42 - 40 = 2 hours.
Michael put in an additional two hours of labor.
One hour's pay in standard currency is equal to $10.00.
Regular salary for 40 hours of work equals $10.00 * 40 = $400.
lets calculate money paid to him for over time\given
For overtime hours, Michael gets compensated at 1.5 times his regular salary.
1 hour's worth of overtime compensation is equal to 1 1/2 hours' worth of normal salary.
1 hour's worth of overtime pay is 3/2 * $10, or $15.
$15 multiplied by two hours of overtime work equals $30.
Michael's total salary for 42 hours of work is therefore $400 + $30 = $430.
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What is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan?.
Capacity is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan.
What is loan?A loan is an amount of money given to an individual in advance of when the individual will have the money.
Some loans are given with collateral while others may not collateral. Most loan comes with interest which is certain amount of money that is determined by the borrower.
The capacity of the individual who wants to borrow money should be known to a certain repayment plan.
Therefore, Capacity is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan
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Capacity is the main factor that creditors consider when deciding whether to provide you credit, what conditions they will offer you, and how much interest you will pay on a loan.
Describe a loan.?A loan is a sum of money that is provided to a person before they really get it. While some loans may not need collateral, others may.
The majority of loans include interest, which is a predetermined sum of money set by the borrower.
The ability of the person seeking a loan should be known to a certain repayment strategy.
As a result, your capacity is the main factor that creditors consider when deciding whether to provide you credit, what conditions they will offer you, and what interest rate you will pay for a loan.
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Which of the following is a normative statement in economics ?
A. More spending by the government reduces poverty
B. Higher taxes lead to less desire to work
C. The Pakistan’s economy is growing fast relative to other SAARC members
D. The government should concentrate on reducing unemployment
The normative statement is the government should concentrate on reducing unemployment
A normative assertion is one that states how the world ought to be. This claim demonstrates a value judgement regarding the desirability of a circumstance and frequently reflects value judgements. It describes how the world is. For instance, it is just a personal view to say that globalization causes societal tensions in developing nations.
In economics, these statements are one that reflects a value judgement or a belief about what should be, as opposed to stating what is. Instead of describing how things are, it makes a statement about how they ought to be. In this instance, statement D articulates the opinion that decreasing unemployment should be a top priority for the government, making it a normative statement.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Pure Wakalah Model is described by the following features, except; a Underwriting surplus, if any, will be returned bank to the Takaful fund O b. The operator is rewarded as an agent that manage the Takaful on behalf of the participants OC. The operator is rewarded with a commission which is tied with its performance Od. Investment profits, if any, will be shared according to an agreed ratio Question 4 Not yet answered Marked out of 1.00 P Flag question Among the differences between Family and General Takaful are the following: EXCEPT: O a. General Takaful will not be terminated upon the payment of a claim during the tenure O b. General Takaful cover risk of the participants during certain period with a renewable option General Takaful has one account called participant investment account O O d. General Takaful usually covers for shorter term period than that of Family Takaful Question 5 Not yet answered Marked out of 1.00 P Flag question Previous page Which of the following is the mostly established takaful model? a. Musawamah Ob. Tawwaruq Oc Od. Wakalah Bal Bithaman Ajil Question 7 Not yet answered Marked out of 1.00 P Flag question There are 2 types of Takaful business, which are and. O a. General takaful and household takaful O b. Family takaful and Hazard takaful O e family solidarity takaful business and general takaful business Od. Specific Takaful and general takaful business
Q4) Among the differences between Family and General Takaful are the following, except: General Takaful will not be terminated upon the payment of a claim during the tenure. (Option A)
Q5) The most established Takaful model is Wakalah. (Option D)
Q7) The two types of Takaful business are General Takaful and Household Takaful.
Q4) Family Takaful and General Takaful are two types of Takaful business models. While both involve risk coverage and mutual cooperation, there are some differences between them. One key distinction is that General Takaful covers risks for a shorter-term period compared to Family Takaful.
Family Takaful provides coverage for longer-term periods, often extending throughout an individual's lifetime or a specified term. On the other hand, General Takaful typically offers coverage for shorter-term durations, such as one year or specific periods based on the participants' needs.
Additionally, in Family Takaful, the policy does not terminate upon the payment of a claim during the tenure. This means that even if a claim is made and paid out, the coverage under the Family Takaful policy continues. However, this is not the case in General Takaful, as the policy may terminate or need to be renewed after a claim is paid.
Q5) Among the various Takaful models, the Wakalah model is the most commonly established and widely used. The Wakalah model operates on the principle of agency, where the operator or Takaful company acts as an agent and manages the Takaful operations on behalf of the participants.
In the Wakalah model, the operator is rewarded with a commission that is tied to its performance in managing the Takaful fund. This model allows for the separation of the Takaful fund's surplus and investment profits from the operator's compensation. Any underwriting surplus is returned to the Takaful fund, and investment profits, if any, are shared according to an agreed-upon ratio.
The Wakalah model provides a transparent and structured approach to managing the Takaful operations, ensuring that the operator's compensation is linked to its performance while safeguarding the interests of the participants and the Takaful fund.
Q7) General Takaful encompasses a range of non-life insurance products and covers various risks, including property, liability, motor, marine, and travel insurance. It provides protection against financial losses arising from these risks for individuals, businesses, and organizations.
On the other hand, Household Takaful is a specific category of Takaful that focuses on providing protection and coverage for individuals and their households. It includes policies related to home insurance, personal accident insurance, medical expenses, and other similar coverages aimed at safeguarding the well-being and assets of individuals and their families.
Both General Takaful and Household Takaful operate based on the principles of Takaful, which emphasize mutual cooperation, risk-sharing, and adherence to Islamic principles. These types of Takaful businesses offer Shari'ah-compliant insurance solutions to individuals and businesses, allowing them to manage their risks while ensuring compliance with Islamic ethical standards.
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it’s possible to have a high credit score even if you don’t earn much income. true or false?
Answer:
yes
Explanation:
You may be glad to know it doesn't. The size of your paycheck does not influence whether you have a good or bad credit score. "Income isn't considered in credit scoring systems," John Ulzheimer, formerly of FICO and Equifax, tells CNBC Select.
If a unionized company has a(n) ______ shop, the workers do not have to join the union, and they do not pay dues or fees to the union.
managed
open
closed
union
agency
The workers do not have to join the union or pay the dues or fees to the union, only when there is an open shop owned by the unionized company. Hence, Option B is correct.
What is a unionized company?There are two types of organizations, one is unionized and the second is non-unionized. Both the companies have employees. In a unionized company, the employees usually do not receive any kind of special or individual treatment from the employers. Whereas in a non-unionized company, the employees have the right to negotiate on their behalf of themselves and simultaneously an employer also has the right to treat the employees differently.
When a company is having a working culture of unionized pattern, the employees also belongs to the trade unions. There is a particular pattern of raising the pay that after the end of three years of duty, there will be a rise of almost 12%.
Thus, Option B is correct.
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What is your EBC on the loan described in question #10 if, in addition to the two discount points, you paid $10,000 in closing costs to close the loan, and you then sell the office building after 7 years and pay off the loan at the sale (rounded to 2 decimal places)?
3.00%
3.18%
3.35%
3.42%
Without knowing the loan amount, it is not possible to calculate the Effective Borrowing Cost (EBC) on the loan. The information provided in the question is insufficient to determine the EBC.
To calculate the Effective Borrowing Cost (EBC) on the loan, we need to consider the loan amount, the discount points, the closing costs, the term of the loan, and the repayment at the end of the term.
Given:
Loan interest rate = 3.00%
Discount points = 2
Closing costs = $10,000
Loan term = 7 years
Step 1: Calculate the loan amount:
Loan amount = Office building price - Down payment
Since the question does not provide information about the office building price or the down payment, we cannot calculate the loan amount. Without the loan amount, we cannot calculate the Effective Borrowing Cost (EBC).
Without knowing the loan amount, it is not possible to calculate the Effective Borrowing Cost (EBC) on the loan. The information provided in the question is insufficient to determine the EBC.
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the reasons why socio economic issues pose a challenge to businesses
Answer:
Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them.
Explanation: