According to Section 3 of the Minimum wages act, it is the responsibility of the appropriate government to set a specific yardstick. Apart from fixing the minimum rate, the appropriate government shall also conduct periodic reviews within a span of five years of fixing such rates and revise the same if felt necessary.
Minimum wages act
What is minimum wages under Minimum Wages Act?
The Minimum Wages Act 1948 is an Act of Parliament concerning Indian labour law that sets the minimum wages that must be paid to skilled and unskilled labours.
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Which person should most consider purchasing life insurance?
People who should consider purchasing life insurance may be those with families who depend on their income or debts that will persist after their death.
Why do people buy life insurance?Individuals consider purchasing life insurance as a security for their family members in the event of their death, ensuring the satisfaction of the family's financial needs.
Therefore, according to indices, most North American families take out life insurance, and the insurance value varies according to the individual's age and health conditions.
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Controlling is the process of evaluating and regulating ongoing activities to ensure achievement of goals. True or false?.
True, Controlling is the function of management to evaluate and regulate ongoing activities to ensure the achievement of goals.
The controlling process in commercial enterprise control is when managers set, measure, and refine their enterprise operations and manipulate price manipulation. Via the usage of a controlling technique, a business enterprise can navigate changes to the supply chain, purchaser demand, and other variables that affect a corporation's livelihood.
The manage function may be considered as a 5-step procedure: set up requirements, degree overall performance, evaluate real overall performance with requirements and discover any deviations, determine the purpose for deviations, and take corrective motion if wanted.
The controlling technique in enterprise control is while managers set, measure, and refine their enterprise operations and control cost manipulation. By the use of a controlling technique, an organization can navigate adjustments to the delivery chain, purchaser demand, and different variables that impact a company's livelihood.
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Buyers should realize that when they make a continuing purchase, they buy more than the vendor's product. They also buy the supplier's:
Customers should be aware that when they make a series of purchases, they actually purchase more than just the vendor's goods. They also buy the supplier's:
Managerial Capabilities, Procurement Capabilities, Production Capabilities and Technical Capabilities.
Inputs are purchased by purchasing and brought together at the company where they are used to assist production. For the majority of firms, purchased inputs are the single highest cost component. Today's businesses also buy sophisticated manufactured components and finished commodities in addition to raw materials and essential supplies. Additionally, a lot of businesses also outsource bespoke services.
The goals of purchasing are to obtain the appropriate materials from the appropriate supplier with the appropriate service at the appropriate price, at the appropriate time, in the appropriate quantity, for delivery to the appropriate location. Purchasing managers have developed the following statement to succinctly define these goals.
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Tony's Carpets Inc. wants to charge $9.80 a yard for installing a carpet for Serenity Bookstore but accidentally states $8.90 a yard in the bid. Serenity Bookstore accepts Tony's Carpets' bid. Tony's Carpets made a ________. Group of answer choices mutual mistake contractual mistake unilateral mistake bilateral mistake rescission mistake
Serenity Bookstore accepts Tony's Carpets' bid. Tony's Carpets made a unilateral mistake.
What is unilateral mistake?errors in the amount of a product that will be supplied (especially for large numerical values)misunderstandings of several technical and trade wordserrors with words with several pronunciations, spellings, or meanings (such as "four" vs. "for")mistakes in a product's quality or descriptionWhat types of mistakes will allow rescission of a contract?The entire agreement must be canceled. A contract may be canceled for a number of reasons, including fraud, an error in fact or law committed by both parties, undue influence, and duress. A party wishing to retract a contract must initiate a lawsuit in order to do so if the other party does not agree that it should be done so.
What are bilateral mistakes?Contracts are employed in both professional and private contexts. Knowing the distinction between bilateral and unilateral might help with legal and interpersonal relationships because these ideas are very frequently used in everyday settings.
The majority of agreements are regarded as bilateral, which means that there are two or more parties to the contract. Most agreements also contain bilateral agreements. Examples of commonplace bilateral agreements include:
completing a purchase at the shopbuying a dinner at your preferred eaterygetting medical care from your doctorpaying your monthly phone billLearn more about distinguish between unilateral and mutual mistakes
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A small economy country whose GDP is heavily dependent on trade with the United States could use a(n) ________ exchange rate regime to minimize the risk to their economy that could arise due to unfavorable changes in the exchange rate.
A small economy country whose GDP is heavily dependent on trade with the United States could use pegged exchange rate with the United States.
What is Microeconomics?The social science of microeconomics examines the effects of incentives and choices, particularly how they affect the allocation and use of resources. Microeconomics explains how and why different things have varying values, how people behave and profit from efficient production and trading, and how people may work together and coordinate best. In general, microeconomics offers a fuller and more thorough understanding than macroeconomics. It is the study of what is probably going to occur (tendencies) when people make decisions in reaction to changes in rewards, pricing, resources, and/or production processes. Microeconomic subgroups for individual actors, like customers, sellers, and business owners, are frequently formed.Find more about Microeconomics with the help of the given link:
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Fun Time Corp. has decided to move production of its board games for children and adults from the United States to Mexico to realize cost savings. At the same time, the company has decided to make Spanish-language versions of the games and distribute them in Central and South America. Most likely Fun Time is pursuing a strategy of ________. Multiple Choice
Most likely Fun Time is pursuing a strategy of growth/concentration based on horizontal integration.
What is concentration in expansion strategy?The first level type of the grand expansion strategy, expansion by concentration, includes investing resources in a product line that meets the needs of the targeted market with the use of tried-and-true technology.What is concentration approach?A concentration strategy is when a company concentrates on a certain clientele, a particular product, or a particular geographical market. As the name suggests, the main goal is to enable the company to focus its efforts rather than diversify them.What is horizontal integration?A company that works at the same level in an industry as another one is acquired or merged as part of a strategy known as horizontal integration. Horizontal integrations assist businesses in increasing their size and revenue, entering new markets, diversifying their product lines, and lowering competition.
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An individual can duplicate a levered firm through a strategy called Blank______ where the investor uses his own funds plus borrowed funds to buy stocks. Multiple choice question. backyard bonding homemade leverage personal principal bootleg debt
An individual can duplicate a levered firm through a strategy called Homemade leverage where the investor uses his own funds plus borrowed funds to buy stocks.
What is Homemade leverage?An individual investor will utilize homemade leverage to manipulate a company's leverage. One who invests in a business without employing leverage can simulate the effects of leverage by creating their own, which includes taking out personal loans against the venture. However, the investor's ability to precisely build the leveraging situation will probably be hampered by the disparities in tax rates between the firm and the individual.Leverage raises an investment's risk level while boosting the possibility of profits. All other things being equal, companies that use leverage may be able to produce a more significant return for shareholders than a company that doesn't.To learn more about Homemade leverage refer to:
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A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, generating higher rates of profit than its competitors, is known as
It is known as competitive advantage.
Competitive advantage refers to factors that allow a company to produce goods or services more efficiently or at a lower cost than competitors. These components allow the manufacturing unit to generate more sales or profits than its competitors in the market.
It is the favorable position that a firm seeks in order to outperform its competition.
Competitive advantages are classified into two types: comparative advantages and differentiated advantages.
A company's comparative advantage is its ability to manufacture something more effectively than a rival, resulting in larger profit margins.
A differential advantage occurs when a company's goods are seen to be both distinctive and of greater quality than those of a rival.
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While watching a movie, Daysha notices that a few brands have been conspicuously integrated with its screenplay. The main character drives a particular brand of car and drinks only a specific brand of beer. Daysha figures out that this is a marketing strategy that employs _____. selective distortion selective exposure product cannibalization product placement
Daysha figures out that this is a marketing strategy that employs product placement.
What is Product Placement?The significant kinds of product placement are either visual, verbal, signage, or usefulness. Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.
A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.
The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.
Therefore, Product placement involves intentionally placing a product/brand into televised shows and adverts, with the aim of exposing that product to the market or to remind the market of an already existing product.
Daysha is watching shows that incorporate product placement in their shows.
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Between 2000 and 2020, the U.S. government budget deficit
A.
as a percentage of U.S. GDP has increased steadily each year.
B.
as a percentage of U.S. GDP has decreased steadily each year.
C.
has been more than 100% of U.S. GDP.
D.
none of the above.
Between 2000 and 2020, the U.S. government budget deficit: A.as a percentage of U.S. GDP has increased steadily each year.
What is budget deficit ?Budget deficit occur when expenditure or expenses is higher than revenue.
The United State of America government budget deficit from the year 2000 to the year 2020 as a percentage of gross domestic product tend to increase every year.
Therefore the correct option is A.
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The Blank______ stage of the the personal selling process includes ensuring proper delivery and installation, and that any difficulties in the use of the product are addressed.
The Follow-up stage of the personal selling process includes ensuring proper delivery and installation, and that any difficulties in the use of the product are addressed.
What does follow-up entail in the selling process?The "follow-up" is the last stage of the personal selling process. In order to check on the customer's satisfaction after the sale, the salesperson must follow up by getting in touch with the consumer.
The salesman will handle any issues the customer may already be having with the product. A successful follow-up step in personal selling can be very helpful in generating additional referrals from pleased customers, securing recurring business, and assessing the salesperson's efficacy.
Therefore, The follow-up phase of the personal selling process includes making sure that the product is delivered and installed correctly and that any issues with usage are resolved.
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Regardless of the outcome in the long run, ______________________ always has the effect of stimulating the economy in the short run. expansionary monetary policy contractionary monetary policy reverse quantitative easing policy tight monetary policy
The answer is expansionary monitory policy.
Expansionary monetary policy works by rapidly increasing the money supply or decreasing short-term interest rates. Expansionary policy, often known as loose monetary policy, expands the availability of money and credit in order to stimulate economic development.
A central bank or other comparable regulatory entity is usually in charge of an expansionary monetary policy. An expansionary monetary policy, like a contractionary one, is largely executed through interest rates, reserve requirements, and open market activities.
Therefore, the correct option is expansionary monitory policy.
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Your company has developed and implemented countermeasures for the greatest risks to their assets. However, there is still some risk left. What is the remaining risk called
your company has developed and implemented countermeasures for the greatest risks to their assets. however, there is still some risk left. The remaining risk is called residual risk
What is residual risk?The residual risk is the risk left for an individual or organization to face after the main danger have been removed.
The effects is usually not as high as the main risk associated to the work.
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You need a 30-year, fixed-rate mortgage to buy a new home for $245,000. Your mortgage bank will lend you the money at an APR of 4.8 percent for this 360-month loan. However, you can afford monthly payments of only $900, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $900
Answer:
xcmm this question made me think
Explanation:
LOL
Cube Company sells small refrigerators. It usually sells these refrigerators to hotels and offices. However, sometimes its customers choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments. Its primary market is a(n) _____________ market, but it also sells to a(n) _____________ market.
Its primary market is a(n) business market, but it also sells to a(n) consume market.
What are Primary Markets?The primary market is where debt-based, equity-based, or other asset-based securities are created, written, and sold off to investors. It is a part of the capital market where new securities are created and are directly purchased by the investors from the issuer.
The key function of the primary market is to facilitate capital growth by enabling individuals to convert savings into investments. It facilitates companies to issue new stocks to raise money directly from households for business expansion or to meet financial obligations.
I understand that the question you are looking for is :
Cube Company sells small refrigerators. It usually sells these refrigerators to hotels and offices. However, sometimes its customers choose to buy their refrigerators because they do not have a lot of room for a full-size refrigerator in their houses and apartments. Its primary market is a(n) _____________ market, but it also sells to a(n) _____________ market.
Select one:
a. business; consumer
b. business; demographic
c. business; industrial
d. consumer; business
e. industrial; target
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What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network
The three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network C) inventory costs, transportation costs, and facility costs.
What is logistic?Logistic is the process of transporting the goods as well as the services of the company.
Therefore, the cost involves are:
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Davey has been shopping for a new computer for his small start-up design firm, but he feels overwhelmed with all of the selections and options. On his way home from a meeting, Davey stops by the computer store where you work to ask some questions. Davey: Speed is important to me for this computer. I use graphic software to create some of my designs, and I'm always under a time crunch. How can I make sure the computer I buy will be fast
To make sure Davey buys a computer which has good speed as he use graphic software to create some of his designs, and he is always under a time crunch: To maximize speed, he definitely want a "quad-core processor and make sure it's 64-bit so it will support more RAM".
What is quad-core processor?A quad-core processor is a chip with four distinct cores that can read and carry out CPU commands like add, move data, and branch. Each core works with other circuits, such as input/output ports, memory management, and caching, inside the chip.
The use quad-core processor are-
In addition to all of your typical work or school responsibilities, quad-core CPUs let you render videos slowly or play games at low resolutions. As long as you are not playing the most processor-intensive games and have a dedicated GPU, most gamers should be fine in this situation.The advantage of quad-core processor are-
Even though a Dual Core CPU can handle most daily chores, a Quad Core processor has some more noticeable advantages.In addition to being quicker and more powerful when it comes to demanding activities, the quad-core processor may also end up saving you money over time.To know more about difference between ROM and RAM, here
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When an identified risk is not mitigated by an existing control this is known as?
When an identified risk is not mitigated by an existing control this is known as Residual risk.
What is Residual risk?Residual risks serves as one that that remains after sorting and elimination of some or all types of risk .
In this case, When an identified risk is not mitigated by an existing control this is known as Residual risk.
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The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventories permanently by $444,000. What is the most the firm should be willing to pay for installing the system
The most the firm should be willing to pay for installing the system is $444,000.
What is just-in-time inventory management?just-in-time inventory management is an inventory management system and can be defined as the process in which companies have inventory at hand so as to have inventory to fall back to in case the company want to urgently make use of inventory.
Hence, the most the firm should be willing to pay for installing the system is $444,000 since the company want to reduce the level of inventories permanently by $444,000.
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Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job by Saturday, she will pay him $1,000. Yvonne's offer creates a(n) ________ contract.
Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job by Saturday, she will pay him $1,000. Yvonne's offer creates unilateral contract.
A contract is only regarded as legal if both parties can enforce it. B. Parties can voluntarily carry out a void agreement.A contract is defined as a commitment to do something between two or more parties. A loan arrangement between automobile purchasers and sellers is an illustration of a contract. An arrangement between two persons to get married is an example of a contract.Three Common Construction Contracts
Fixed price - Fixed price construction contracts, also commonly referred to as “lump sum” or “stipulated sum” contracts, are the most common types of construction contracts.Cost plus Guarantee Maximum fee.Learn more about unilateral contract
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Assume that wally world uses a perpetual weighted average inventory system. During the period, it had two sales. Calculate the average cost per unit on hand as of june 30 when it made its second sale.
Based on the number of sales that Wally World had, the average cost per unit on hand on June 30 is $15.38.
What is the average cost per unit on hand?After the first sale, the balance was:
= (10 x 12) + (10 x 15) - (6 x 13.50)
= $189
Then 10 more units were purchased which took the average units to:
= (189 + (10 x 18) ) / 24 units remaining after first sale
= 369 / 24
= $15.38 per unit
The rest of this question is:
6/1- BI 10 at 12
6/5: purchase 10 at 15
6/8 sale 6 units
6/28 purchase 10 at 18
Jne 30 sale 8 units
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Answer:$15.375/unit
Explanation:
What did keynes think was responsible for the large amount of idle labor and capital during the great depression?.
During the Great Depression, Keynes thought unplanned inventory increases were responsible for the large amount of idle labor and capital.
What is the Great Depression?The Great Depression was a period of severe economic recession in the United States of America which challenged the prevailing classical economic belief that the macro-economy would quickly return to long-run equilibrium due to a demand shock.
During the Great Depression, John Maynard Keynes thought unplanned inventory increases were responsible for the large amount of idle labor and capital in the United States of America.
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In an economy in which decisions are guided by prices and individual self-interest, there is:.
In an economy in which decisions are guided by prices and individual self-interest, there is the potential to achieve production efficiency.
What is production efficiency?This has to do with that maximum capacity that exists where production would not be able to take [place without lowering the production capacity of others.
This is the stage where self interest may come in and people make their decisions based on the price in the market.
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The problem of bankruptcy is associated with overuse and misuse of credit in the ______________ component of financial planning.
The answer is the borrowing component.
Bankruptcy is a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations.
The borrowing portion of a financial plan has to do with retaining control over credit-buying behaviors.
Whereas, the savings part of financial planning has an emphasis on long-term security and includes a regular emergency savings strategy.
When you’re borrowing, interest can work against you.
As repaying interest on a loan over a long period of time can significantly increase your debt due to the compounding factor of the interest rate.
Hence, The problem of bankruptcy is associated with overuse and misuse of credit in the borrowing component of financial planning.
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Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of answer choices void voidable unenforceable bilateral unilateral
It is an example of unilateral contract.
A unilateral contract expressly states that payment will be made solely via the performance of one party.
A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.
In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.
Therefore, the answer is unilateral contract.
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The organization responsible for analyzing how the government spends taxpayer dollars is the __________.
The organization responsible for analyzing how the government spends taxpayer dollars is the GAO.
What is GAO?GAO, can be regarded as the "congressional watchdog,” which is an agency that focus on the spending of taxpayer dollars.
Therefore, it is an organization responsible for analyzing how the government spends taxpayer dollars is the GAO.
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A __________ is a name, symbol, or design (or combination of these) that identifies the goods or services of one seller or group of sellers and distinguishes them from those of competitors. Group of answer choices trademark brand logo copyright
A Brand is a name, symbol, or design (or combination of these) that identifies the goods or services of one seller or group of sellers and distinguishes them from those of competitors.
Building and maintaining a relationship between a brand and consumers is called brand marketing. Brand marketing promotes the complete brand rather than just a specific product or service, using the products and services as evidence of the brand's promise.
A brand is an abstract idea that makes it easier for people to recognize and associate with a specific business, item, or person—especially consumers.
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A(n) _____ system is a branch of decision support systems (DSSs) that gives managers easy access to internal and external data and typically includes drill-down features and a digital dashboard for examining and analyzing information.
In a management information system, the Executive information systems is the branch of decision support systems that gives managers easy access to internal and external data.
What is an Executive information systems?This refers to a support system in management that facilitates the senior executive information and decision-making needs
Hence, it is also the branch of decision support systems that gives managers easy access to internal and external data.
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23. The Geotechnical Considerations Decision Matrix can help identify situations in which ________ conditions are not suitable for certain retrofitting options.
Answer- soil conditions
which verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization
The verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization is verbal communication skills.
What is verbal communication skill?Verbal communication refers to the ability of an individual who is a customer service representative to use the right and appropriate word to communicate to the customer. This done to please the customer.
Therefore, The verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization is verbal communication skills.
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