If a breach of contract case is filed in the federal court, the court, so the court has subject matter jurisdiction if the claim is for less than $75,000 and where there are no plaintiff who live in the same state as any defendant.
The federal courts tend to have jurisdiction over cases involving the United States government, the Constitution or the federal laws, or any controversies which goes on between the states or between the U.S. government and foreign governments.
However, the requirement where a court have subject-matter jurisdiction means that the court can only assume power which is over a claim which it is authorized to hear.
Hence, some courts are said to be banned from hearing cases of a certain nature.
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Which of the following chapters of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization?
Group of answer choices
Chapter 7
Chapter 9
Chapter 11
Chapter 13
Chapter 7 of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization.
Regardless of the total amount of debt owing or whether a debtor is solvent or bankrupt, Chapter 7 offers relief to debtors. A Chapter 7 Trustee is chosen to liquidate the debtor's assets and distribute the money to the creditors.
A person who is drowning in debt can get a "new start" under chapter 7 of bankruptcy code by having their debts forgiven in exchange for turning over their nonexempt property for distribution. The discharge exonerates an individual debtor from responsibility for the majority of obligations, shielding creditors from legal action.
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clean car, a manufacturer of hybrid cars, paid a service provider to monitor its television ads around the country. this service provider discovered that in two locations the ads were cut off by the following ad before they had been broadcast in their entirety. clean car is experiencing imc noise problems associated with
When the service provider discovered that in two locations the ads were cut off the riff-off refers to the act of copying or borrowing something and then repurposing it.
What are advertisements?When it's stated that clever advertisements "riff off the seasonal weather or time of the day," it really means that the advertisement.
Duplicates the weather and uses it to demonstrate how the automobile operates in that environment.
Therefore, the advertisement may demonstrate how the automobile handles in the snow to persuade viewers that it's a smart choice for the conditions.
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talbot industries is considering launching a new product. the new manufacturing equipment will cost $14 million, and production and sales will require an initial $4 million investment in net operating working capital. the company's tax rate is 25%. enter your answers as a positive values. enter your answers in millions. for example, an answer of $10,550,000 should be entered as 10.55. round your answers to two decimal places.]
A financial term known as working capital (WC) measures the operating liquidity that is accessible to a company, organization, or other body, including governmental agencies.
Working capital is seen as a component of operational capital, along with fixed assets like plant and equipment. Current assets are equal to gross working capital. Current assets less Current Liabilities equals Working Capital. [1] An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities. Despite having assets and profits, a business may lack liquidity if its assets cannot be quickly transformed into cash. A company must have positive working capital to ensure that it can continue to operate
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page incorporated manufactures automotive parts that sell for $80 each. the manager reported 280 defective parts in inventory, which cost $50 to reproduce. the manager can sell the defective parts for $20 each, or process the parts further for $30 each, and then sell them for the standard sales price. which of the following should the managerial accountant recommend for action?
A Managerial accountant is advised to fix the damaged items and then sell them at a standard price rather than selling them for $20 in order to achieve a net improvement in operating income of $8,400.
For understanding why a Managerial accountant should choose to repair defective items. Refer to the detailed explanation given below:
Situation 1.
Cost of reproduction of 280 defective parts = 280*50 =$14000
If he sell the defective parts for 20$ each he would get= 280*20= $5600
Situation 2.
If he chooses to repair the defective items, at 30$ it would cost him= 280*30= $8400
If he sells those repaired parts at a standard price, he would get= 280*80=22400
Thus his total revenue would be = 22400-8400= $14000
Now it is evident that the managerial accountant would make money if they chose the second alternative, which involves repairing the damaged parts and then selling them again for the usual price.
The operating income of Page Inc. would grow by an increase of (14000-5600) $8400.
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according to the video, investment is what percentage of total output in the u.s. economy? rev: 04 27 2016 qc cs-49403 multiple choice 30% 5% 20% 10%
The question asks investment is what percentage of total output in the United States economy. The correct answer is 20%.
The gross domestic product, or GDP, of a country, which calculates the value of all products and services generated there in a given year, is a typical way to describe the size of its economy.
Important data about US investments: % of GDP
United States Investment represented 21.2% of its nominal GDP in September 2022, down from the previous quarter's ratio of 21.6%.With an average ratio of 22.3%, the US investment share of Nominal GDP data is updated quarterly and available from March 1947 through September 2022.The data peaked at 25.4% in December 1978 and fell to a record low of 16.1% in June 1947.Learn more about investment here brainly.com/question/15353704
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When the price of X is $80, the price of Y is S20, and the consumer's income is $160, the consumer's optimal choice is D. Then the price of X decreases to $20. The demand curve can be illustrated as the movement from O D to E O D to C O C to E O E to D
Based on the subtitution effect, when the price of X decreases to $20, the demand curve will be moved from point D to E (A).
Subtitution effect occurs when a fluctuation in sales for a product can be attributed to consumers decision to switching to other alternative when its price changes. Subtitution effect shows the change in demand for a product as a result of a change in the relative price of the product compared to that of other subtitute products.
Let's refer to the graph attached below.
The initial budgetary constraint before the price of X decereases is:
If the consumer buys only product X, hence:
ax + by = 160
($80)x + 0 = 160
80x = 160
x = 2
if the consumer buys only product Y, hence:
ax + by = 160
0 + ($20)y = 160
y = 8
The initial budget constraint equation is y = -4x + 4. The point lies within this line is point D (1,4).
Now, we should redefine the new budget constraint after the price of X is changed:
If the consumer buys only product X, hence:
ax + by = 160
($20)x + 0 = 160
20x = 160
x = 8
if the consumer buys only product Y, hence:
ax + by = 160
0 + ($20)y = 160
y = 8
The new budget line should have equation of: y = -x + 8 ... (ii)
Now, we have to try the find point since the price of X has changed to $20. However, the consumer's income remains the same. We assume the point for this case as point P.
P = ax + by = 160
P = ($20)x + ($20)4 = 160
P = 20x + 80 = 160
x = 4 --> point P = (4,4) ... (iii)
Now, let's verify that point P lies within the new budget constraint:
y = -x + 8
y + x = 8
(4,4) --> 4 + 4 = 8 -- proven!
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jay, an engineer, entered into a contract with sky, inc. to provide specified consulting services. jay was paid pursuant to the contract, but social security taxes were not withheld because sky, inc. considered jay an independent contractor. which of the following factors is least likely to support the position that jay is an independent contractor? group of answer choices jay was paid in one lump sum after all of the services were performed jay provided his own office and supplies sky, inc. reserved the right to inspect jay's work sky, inc. consistently supervised and controlled the manner in which jay provided his services
The following factors is least to support the position that Jay is an independent contractor is that Sky, Inc. consistently supervised and controlled the manner in which jay provided his services.
An individual who is hired to work for another person or business on a contract basis is referred to as an independent contractor.
Jay is a self-employed individual, thus Sky Inc. has no authority to monitor or direct his work. Since Sky oversaw and directed Jay's performance of the services, this is the argument that is least likely to support the idea that he is an independent contractor.
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internal links are limited since search engine bots do not follow these links to see what content is on the linked-to page are helpful because they can help search engines and visitors discover your new content are hurtful because they complicate site navigation and user experience none of the above
Internal links are limited since search engine bots do not follow these links to see what content is on the linked-to page are helpful because they can help search engines and visitors discover your new content.
An internal link is a link from one page on your website to another page on your website. Both your users and search engines use links to find content on your website. Your customers can link to your site and find the content they want to find. Search engines also use links to your site. They will not see the page if there is no link to it.
There are different types of internal links. In addition to links on your homepage, menu, mail feed, etc., you can add links in your content. We call these as contextual links. Content links direct your users to interesting and relevant content. Moreover, they allow search engines to find out if the content of your site is relevant and determine its value. The more links an important page gets, the more important it will be to search engines.
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currently banks are issuing personal loans at an interest rate of 9%. if expected inflation is supposed to be 3%, then:
Currently banks are issuing personal loans at an interest rate of 9%. if expected inflation is supposed to be 3%, then the nominal interest rate will be 9% and 6% will be the real interest rate.
How is the real interest rate determined when inflation is anticipated?
The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. In terms of mathematics, we would say this: The nominal interest rate less the inflation rate is the real interest rate.
What is real interest rate?
The interest rate that an investor, saver, or lender receives after taking inflation into account is known as the real interest rate. The Fisher equation, which asserts that the real interest rate is roughly the nominal interest rate less the inflation rate, can be used to explain it in greater detail.
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At the moment, banks charge 9% interest on personal loans. The nominal interest rate will be 9% and the real interest rate will be 6% if anticipated inflation is predicted to be 3%.
When inflation is predicted, how is the real interest rate calculated?The real interest rate is calculated by deducting the nominal interest rate from the inflation rate. The real interest rate is defined mathematically as the nominal interest rate less the inflation rate.
Real interest rate: what is it?The real interest rate is the interest rate that an investor, saver, or lender will actually get after accounting for inflation. A more thorough explanation can be found in the Fisher equation, which states that the real interest rate is roughly equal to the nominal interest rate less the inflation rate.
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FILL IN THE BLANK an mnc's cash flows are likely to be less volatile if its percentage of foreign sales is ____and the number of foreign countries it sells products to is ________
FILL IN THE BLANK an mnc's cash flows are likely to be less volatile if its percentage of foreign sales is high and the number of foreign countries it sells products to is large.
When a foreign currency is perceived by using an MNC to be undervalued?When a overseas foreign money is perceived by way of a company to be undervalued, the firm may additionally consider direct overseas funding in that country, as the preliminary outlay have to be rather low. eleven Consider a u . s . a . that nowadays has a excessive level of unemployment because of weak monetary conditions.
How does MNC minimize exchange rate risk?Hedging in opposition to alternate rate movements can limit the uncertainty surrounding future cash flows. The hedging technique can stabilize an MNC's revenue, expenses, earnings, and cash flows.
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Upon analysis of the map, what conclusions can you make about the locations of the twelve Federal Reserve Districts shown by the colored areas?
O A The Federal Reserve Districts are disproportionate in size yet balanced in terms of economic strength.
OB. The Federal Reserve Districts are equally divided across the country to ensure fair access to loan services.
O
C. The Federal Reserve Districts are generally reflective of the geographic concentration of banking activity in the country.
D. The Federal Reserve Districts are representative of the government's plan to consolidate the banking industry.
The conclusion made is that the Federal Reserve Districts are generally reflective of the geographic concentration of banking activity in the country. The Option C is correct.
What are the Federal Reserve Districts?In U.S, the Federal Reserve officially identifies its Districts by number and Reserve Bank city. In the 12th District, Seattle Branch serves Alaska and the San Francisco Bank serves Hawaii.
The District System serves the commonwealths and territories as follows; New York Bank serves the Commonwealth of Puerto Rico and the U.S. Vir-gin Islands, San Francisco Bank serves American Samoa, Guam and Commonwealth of the Northern Mariana Islands.
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Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) ______, who does not actually sell the product
sales engineer
Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) sales engineer, who does not actually sell the product
Sales engineers are experts at streamlining the sales process for cutting-edge technology and scientific items. A sales engineer's job is most frequently seen in B2B environments, where they are responsible with persuading other companies to buy complex products.
The space among product development & sales staff is frequently filled by sales engineers. They must be able to assist sales representatives in convincing prospects to choose their items using their applicable technical expertise.
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If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will
a.more than triple.
b.less than triple.
c.exactly triple.
d.Any of the above may be true depending on the firm’s labor productivity.
If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will exactly triple.
Choosing how much to produce is the only significant choice a perfectly competitive corporation must make. In order to comprehend why this is the case, let's have a look at an alternative way to express the fundamental notion of profit:
Profit = Total revenue−Total cost
Profit=(Price)(Quantity produced)−(Average cost)(Quantity produced)
Since a perfectly competitive Firm cannot pick the price it charges; rather, it must accept the price for its production as set by the product's market supply and demand. In other words, since the price is predetermined by the profit formula, a firm that operates in a fully competitive market can sell any quantity of units at the same price.
This suggests that the firm's product has a completely elastic demand curve, meaning that customers are willing to purchase any quantity of the firm's output at the going rate. The quantity that the perfectly competitive firm decides to produce will define its total revenue, total costs, and eventual level of profits along with the prices that are currently in effect on the market for inputs and output.
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A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of the level of:
a. aggregate demand.
b. real unemployment.
c. cyclical unemployment.
The real GDP of the economy will be determined by the level of aggregate supply (or potential GDP) regardless of the level of: Aggregate Demand.
What is the definition of aggregate demand?
However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.
How does the economy's total demand grow?First, if government spending rises but taxes stay the same, demand rises directly. Second, as households' disposable income improves as a result of tax cuts or increased transfer payments, they will expend more on consumption. A higher aggregate demand will result from this increase in consumption.
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A farmer grows wheat using two inputs: labor and land whose prices are constant. If she doubles her inputs, she finds that the quantity of wheat produced more than doubles. Therefore, it must be true that in this output range her long-run average total cost curve is
A
upward sloping
B
downward sloping
C
horizontal
D
vertical
E
U-shaped
A farmer grows wheat using two inputs: labor and land whose prices are constant. If she doubles her inputs, she finds that the quantity of wheat produced more than doubles. Therefore, it must be true that in this output range her long-run average total cost curve is downward sloping. Correct answer (b).
What is the long run average curve?
The available output levels are displayed against the average cost for each level on the long-run average cost (LRAC) curve, which has a U-shape. The short-run average total cost (ATC) curves for the company are all contained in the LRAC, which may be thought of as a "envelope". It consists of all the tangency points of the ATC curve.
The cost per unit of production over the long term or the average of the LTC curve is known as the long run average cost, or LAC. It may be determined by dividing LTC by the output volume. The Short run Average Cost (SAC) curves may be used to graphically determine LAC.
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b. prepare the adjusting entry to record bad debts expense using the estimate from part a. assume the unadjusted balance in the allowance for doubtful accounts is a $4,800 credit.
Increase the terrible debt expense account with a debit and reduce the accounts receivable account with a credit. For example, if purchaser Lucy has a 91-day late $125 invoice, your awful debt cost journal entry would appear like this: Bad Debts Expense - Debit $125. Accounts Receivable - Credit $125.
What type of adjusting entry is terrible debt expense?Allowance Method: Journal Entries (Debit and Credit)
The allowance technique estimates the “bad debt” expense near the stop of a period and depends on adjusting entries to write off certain patron money owed determined as uncollectable.
What is the formula for awful debt expense?The fundamental method for calculating the percentage of awful debt is pretty simple. Divide the amount of horrific debt by the complete bills receivable for a period, and multiply through a hundred There are two fundamental methods agencies can use to calculate their bad debts.
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https://brainly.com/question/29414667#SPJ4Six years ago, Linus Corporation granted Pauline a nonqualified option to purchase 5,000 shares of Linus stock for $13 per share. On date of grant, the market price was $11 per share. Last year, Pauline exercised the option when the market price was $47 per share. This year, she sold the stock for $40 per share. Compute Pauline's gain or loss recognized on sale.
A) $135,000 gain
B) $10,000 loss
C) $35,000 loss
D) No gain or loss on sale
C) $35,000 loss: $235,000 basis ($65,000 cost + $170,000 revenue realized on exercise) $200,000 amount realized on sale. Shares are fractional ownership interests in a corporation.
For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise. Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares. As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors. In exchange for funds required to expand and run the business, companies issue equity shares to investors.
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identify the category with the largest amount of mandatory spending, according to the chart. describe the difference in spending between the mandatory and discretionary categories, according to the chart.
Based on the chart by stating, “Total mandatory spending will increase from 38% in 1970 to 77% in 2023.”
What is spending, exactly?Money is spent when it is dispersed, expended, or squandered. We now pay more on living expenses, to use the generic term. Disburse indicates spending money from a defined source or amount to fulfill a certain obligation or making payments in set amounts: The treasurer has the power to distribute money.
What does the financial term "spending" mean?Spend on us: ECONOMICS, FINANCE. money utilized for certain purposes, particularly by a government, organization, or group: making a purchase In 2018, Britain spent a net £2.6 billion on infrastructure.
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a car dealership is pressuring its customers to purchase its products. what philosophy is the car dealer following?
Answer: persuading
Explanation:
harold was terminated by his employers for poor performance. a clause in his employment agreement stated that harold would be barred from working for a rival firm for a period of 1 year from the date of termination. this clause is an example of a:
According to a provision in his employment contract, Harold would be prohibited from working for a rival company for a year from the date of termination. This phrase serves as an illustration of a no-compete clause.
How do you correct a worker's bad performance?Verbal counseling should be your initial port of call. Indicate that the employee's actions or subpar work are unacceptable. after talking with the worker and discussing the necessary corrective measures.
Is it legal for an employer to fire a worker for subpar work?"Poor performance" generally refers to inefficiency and incompetence when carrying out official obligations. Only if an unsatisfactory rating amounts to gross misconduct can it be used as justification for dismissal under Article 282 of the Labor Code.
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which of the following accounts results in adjustments to net income under the indirect method of preparing the statement of cash flows if their balances change during the year?
Answer: accounts receivable, inventory, accounts payable
Explanation:
accounting
first securities of new jersey, inc., is a broker-dealer that has its only offices in new jersey, where most of its clients reside. first securities a
The only offices of broker-dealer first securities of new jersey, inc. are located in the state of new jersey, where the majority of its clients live. first securities a New Jersey and New York.
The precise authority and obligation to determine whether information is material and whether it is adequately accessible to serve as the foundation for investment choices should fall within the purview of a single supervisor or compliance officer.
Registration cannot be denied solely on the grounds of insufficient experience if the broker/dealer qualifies due to education or experience. If the applicant wilfully breaches the Uniform Securities Act, is bankrupt, or has been prohibited from conducting the securities business, registration may be refused.
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Which of these is not a unit-level activity? A. Assembling B. Painting C. Sewing D. Purchase ordering
Answer:
Purchase Ordering
Explanation:
Purchase Ordering is not a unit level activity.
put the steps of the personal selling process in order. note: the first step in the process should be the top item on your list.
In marketing, the steps of the personal selling process in order are:
1. Prospecting and Evaluating2. Approaching the Consumer3. Preparing for the Sale4. Making the Presentation5. Overcoming the Objections6. Closing the Sale 7. Following Up.What does personal selling mean?A personal selling, also known as face-to-face selling, refers to a form of selling in which one person (salesman) tries to convince the customer in buying a product. It is a promotional method in which the salesperson uses his or her skills and abilities in an attempt to make a sale.
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oxwood company sells blankets for $60 each. the following information was taken from the inventory records during may. the company had no beginning inventory on may 1. boxwood uses a perpetual inventory system. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 determine the cost of goods sold for the sale of may 20 using the lifo inventory costing method. a.$136 b.$120 c.$180 d.$144
Option (a), Using the LIFO inventory costing approach, the cost of items sold for the sale on May 20 is $136.
Using an example, describe the LIFO technique.It uses the inventory accounting method known as "latest in, first out" (LIFO). According to LIFO, costs for the most recent purchase of the products must be deducted first (or produced). Only in America does LIFO exist, and it is governed by generally recognized accounting principles (GAAP).
When calculating your cost of goods sold (COGS), you should base your calculation on the most recent inventory costs, while keeping previous inventory prices on your balance sheet. The LIFO principle is followed by this. Reduced firm profitability and lower taxable income may be the outcomes of the LIFO approach.
Date Receipts Issues Balance
May Qty. Price Amnt. Qty. Price Amnt. Qty. Amnt.
3 5 20 100 5 100
10 3 20 60 2 40
17 10 24 240 12 280
20 6 24 144 6 136
23 3 14 72 3 64
30 10 30 300 13 364
31 13 364
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The winter holidays are coming up, and Mandy needs to hire two additional salespeople for her bakery in preparation for the busy season ahead. Ideally, she thinks to herself, she’d like to find two people just like Samantha—super-friendly, efficient, and enthusiastic with outstanding skills in sales, too. Yet, after five interviews, she’s beginning to lose hope that she’ll ever find anyone as good. What could Mandy do to prevent her cognitive biases from influencing her perception of job candidates? a. Enlist her entire team to engage in groupthink when reviewing candidates b. Delegate the interviewing and decision-making process to a trusted employee c. Assign a trusted employee to play the role of devil’s advocate as she reviews each candidate d. Ask a couple of other employees to interview the candidates with her and provide insights on each one
(d)Ask a few additional staff members to interview the applicants with her and offer their opinions on each one. is the right response.
Why is cognitive bias a problem?
The inclination of something like the human mind to streamline the processing of information throughout a lens of individual perspective or interests results in cognitive bias, a type of methodical mental process. The filtering procedure is a coping technique that allows the mind to choose and efficiently assimilate a huge amount of data.
Who first identified cognitive biases?
Amos Tversky with Daniel Kahneman coined the term "cognitive bias" as in early 1970s to refer to people's methodical, but allegedly incorrect, routines of replies to assessment and decision-making issues.
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foreign ownership of us airlines; current limit of percentage of voting stock is lifted or requirements are revised
Federal laws limit foreign ownership of U.S. airlines to 25% and require U.S.-citizen control of airlines.
By introducing new airlines to the market or growing existing airlines, foreign investment may have an impact on the level of competition. However, increasing the ownership limitation is unlikely to have an impact on investment as profitable US airlines aren't actively looking for extra funding and international investors have shown little interest.
The Department of Transportation (DOT) is in accountable for ensuring that U.S. airlines are abiding by the regulations governing foreign ownership and control, which, among other conditions, set a limitation on foreign ownership at 25 percent of the voting stock of U.S. airlines. According to DOT guidelines, it is necessary to check the ownership structure of new airline applicants to make sure that it complies with legal requirements for ownership and control and is in fact managed by U.S. residents. On a case-by-case basis, DOT inspectors determine actual control while taking into account elements including a shareholder's influence and professional connections. In order to completely comprehend the layers of ownership and types of investors, DOT officials claim that this determination occasionally may require a review of complicated airline documentation.
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TRUE/FALSE. increase the efficiency and effectiveness of social marketing tactics. examples include upcontent, right relevance, buzzsumo and hootsuite.
TRUE, Third-party software tools increase the efficiency and effectiveness of social marketing tactics, example include content, right relevance, buzz sumo, and Hootsuite.
Maintaining the pressure of constantly being on target with their social media marketing methods is a constant challenge for many brands.
The target audience is constantly online and seeking out fresh stuff to read. However, the platforms' algorithms are always evolving, and user behavior is never predictable, in this third-party software tools like content, right relevance, buzz sumo, and Hootsuite in order to increase the efficiency and effectiveness of social marketing tactics.
For many brands, various social media marketing strategies are effective. Not all of them have to be a part of your marketing campaigns. Most likely, you would need to conduct numerous tests to find the strategies that work best for achieving your objectives.
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FILL IN THE BLANK. one reason that wages and prices are not very flexible to the downside is that labor is___replaceable in the production process.
One reason that wages and prices are not flexible to the downside is that labor is not immediately replaceable in the production process.
To increase a product's sale, a firm should offer the product at a lower price level. One of many strategies to lower a product's price is to cut its production costs. As a part of the production costs, wages should be cut as much as possible.
The assumption above may seems logical, but it would unlikely to happen. Labors, the factors directly related to wages expense are not easy to be replaced. Let's discuss why.
To cut some wages expenses, a firm has to either cut their wages rate or cut the amount of labor it has. However to cut the employees wages rate, a firm is restricted by the government law regarding the minimum wages. Hence, it may seems that cutting off some labors would be an easier choice. However this is also not the case.
To cut some labors a firm has to prepare new strategy to maintain the prodution output rate. A firm may have 2 possible scenarios:
Increase the remaining employees productivityInvest in tehcnology to work on the labors' workA firm may increase the remaining employees' productivity by urging them to work overtime. However, this option is also restricted with the government's law related to the maximum working hours per day and the overtime payments. Over working the employees might not decreasing a firm's wages expenses, but instead increasing it since the overtime rate is higher than the regular wages rate.
Investing in technology to replace labors might seems promising. But to owned a new technology, a firm has to prepare a hug sum of investment before finally acquiring the technology. Some technologies also require special treatment and dedicated officer, which could be much more expensive.
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TRUE/FALSE. being one of the major interest group activities, refers to the attempt to influence government policy through face-to-face contact with policymakers.
Being one of the major interest group activities, lobbying refers to the attempt to influence government policy through face-to-face contact with policymakers.
In the field of business, lobbying can be described as a persuasive strategy in which a business owner or any other person tries to persuade any government official to declare a law or policy that will benefit that particular interest group.
Usually, the policymakers that are present in the government are tried to be lured through face-to-face contact. This is because the policymakers are responsible for the making of policies that can interest a particular interest group.
The question can correctly be written as:
Being one of the major interest group activities, ............. refers to the attempt to influence government policy through face-to-face contact with policymakers.
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