When the government provides free and reduced lunches to low-income students, it is addressing which type of market failure
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A positive externality is when a good or service is produced and used in a way that benefits a party that is not directly involved in the market transaction.
What are the reasons for the Market Failure?
Externalities, public goods, market regulation, and a lack of knowledge are all possible causes of market failure. Market failures can be resolved through government involvement, such as new legislation, taxes, tariffs, subsidies, or trade restrictions.
The complete question is shown in the file attached below:
Thus, providing free and reduced lunches to low-income students by the government is a situation of positive externality where no directly involved in the market transaction.
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Related Questions
The shape of the production possibilities curve
usually has a concave-shape. What does say about
the factors of production when the production
possibilities curse is a straight line?
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When the production possibilities curve is a straight line, opportunity costs are the same no matter how far you move along the curve.
What is production possibilities curve?The production possibilities curve (PPC) is a graph that shows the different combinations of output that can be produced with given available resources and technology.
The PPC curve usually have a concave shape not a straight line because there is always a cost involved in making a choice.
For example:- when the quantity of one good produced is higher and the quantity of the other is low, it is known as the opportunity cost.
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Kris wants to start using a new software he feels would help complete the project faster. However, his team is concerned it's too risky given the amount of training needed. What should Kris do
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Kris should adjust in accordance with the cooperative decision being taken by his team concerning the usage of new software.
What is software?Software is an application that instructs and implements tasks in a quicker and easier way through the computer or laptop.
According to the situation, the usage of new software would make the completion of the project on time as suggested by Kris. But his team thought that the training for using that software would be very costly to the firm and also become too risky for the project.
Therefore, the mutual decision taken by him and his team would be the ideal solution for completing the project on time.
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3. The fraud at Enron is one of many major financial statement frauds that have occurred in recent years (Qwest, Global Crossing, WorldCom, etc.). What are some factors that could explain why the falsifying of financial statements is occurring so frequently
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Business owners may manipulate the accounts or falsify of financial statement to make the company look healthier to investors or lenders. They can do this by either inflating income and asset values, or underplaying the company's debts and liabilities.
False financial statement The lack of standardized accounting standards. Along with the structure of management incentives, there are other factors in play that appear to contribute to an environment where fraud is almost commonplace of financial statement . Conflicts of interest relationship between companies and accounting firms and result in false financial statement .Learn more about financial statement here:
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____________ reduces the number of levels in an organization's job structure. Multiple Choice Competency-based pay Red-circling Broadbanding Job evaluation Green-circling
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The correct option is Delayering. It reduces the number of levels in an organization's job structure.
What is delayering?Delayering refers to ways of removing one or more levels of hierarchy from am organizational structure inorder to make it better. It is a way to flatten the organization's structure.
Layering is important because it helps an organization function better.
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Paula has completed a mortgage application and provided evidence of employment, income, assets owned, and existing debt to the potential lending institution. Although Paula has not even begun the process of looking at possible homes to buy, she is eagerly awaiting news from the lender as to whether she has been approved for a mortgage. In what stage of the application process is she
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She is at the stage of Prequalification in the application process.
What is Prequalification?Pre-qualification describes a credit assessment made by a lender based on data supplied by a borrower. Before providing a pre-approval, the lender must first pre-qualify a borrower by evaluating their creditworthiness.
Contractor PrequalificationThe process of acquiring and evaluating information to identify a contractor's capability, capacity, resources, management procedures, and performance is known as contractor prequalification.Financial capability and surety, job history, licensing and credentials, management standards, regulatory, quality, safety, and environmental performance data are examples of typical subject matter areas.Before accepting bids, local government uses audits to determine the prequalification standing of prospective bidders on projects. Only prequalified bidders will be given the opportunity to place a bid.learn more about prequalification in:
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True or false: If the steps in a step-variable cost behavior pattern are large, the step-variable cost function may be approximated by a variable cost function without must loss in accuracy.
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The statement in the question is : FALSE
What is a step-variable cost ?A step variable cost is a type of cost that varies with the level of activity, but is incurred at discrete points and it involves large changes. Hence If the steps in a step-variable cost behavior pattern are large, the step variable cost function cannot be approximated by a variable cost function without loss in accuracy because the variable cost behavior pattern is directly proportional to the variable cost function.
Hence we can conclude that The statement in the question is : FALSE
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An equitable remedy requiring exactly the performance that was specified in a contract; usually granted only when monetary damages would be an inadequate remedy and the subject matter of the contract is unique is called Group of answer choices rescission. specific performance. consequential damages. reformation.
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An equitable remedy requiring exactly the performance that was specified in a contract is called OR Usually granted only when monetary damages would be an inadequate remedy and the subject matter of the contract is unique is called : Specific Performance.
What are equitable remedies ?
An equitable remedy is a contract remedy that restores the parties to the same position they would have been in if no breach of contract occurred. It is also called a "just" or "equitable" remedy. The most common equitable remedies are money damages, specific performance, and rescission.
What is the Specific Performance?Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. It is typically available in the sale of land law, but otherwise is not generally available if damages are an appropriate alternative.
Specific performance is almost never available for contracts of personal service, although performance may also be ensured through the threat of proceedings for contempt of court.
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_____ is the practice of using team selling to focus on the firm's most important customers so as to build mutually beneficial, long-term relationships.
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Key account management is the practice of using team selling to focus on the firm's most important customers so as to build mutually beneficial, long-term relationships.
Getting a prospect's commitment to buy during the closing stage of the selling process. Because the salesperson must ascertain when the prospect is prepared to buy, this stage is both the most crucial and the most challenging.accurate, complete, and step-by-step information is provided.Setting goals, structuring the sales force, hiring, choosing, training, and rewarding salespeople, as well as assessing each salesperson's performance, are all duties involved in managing personal selling.What is team selling approach?Account-based selling frequently employs the sales technique of team selling to increase transaction closing rates. Team selling, in its simplest form, is a collaborative sales method where two or more team members work together to earn business rather than working those accounts alone.Learn more about team selling approach brainly.com/question/23772356
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______ uses quantitative techniques, and often automated trading systems, to seek out many temporary misalignments among securities. A. Triangular arbitrage B. Locational arbitrage C. Statistical arbitrage D. Covered interest arbitrage
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The answer is Statistical Arbitrage.
Statistical arbitrage is a computationally intensive approach to algorithmically trading financial market assets such as equities and commodities.
It is also called Stat Arb.
In other words, Statistical arbitrage is a group of trading strategies employing large, diverse portfolios that are traded on a very short-term basis.
Hedge funds, mutual funds, and proprietary trading firms build, test, and implement trading strategies based on statistical arbitrage.
It is known as a deeply quantitative, analytical approach to trading, stat arb aims to reduce exposure to beta as much as possible. Where beta is market risk.
Hence, Statistical Arbitrage uses quantitative techniques, and often automated trading systems, to seek out many temporary misalignments among securities.
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In november 2014 the miami marlins agreed to pay giancarlo stanton $325 million over 10 years
Answers
Based on the salary and the ticket price, the number of tickets per home game that Miami Marlins would have to sell each year is 7,296 tickets.
How many tickets should Miami Marlins sell?Assuming the ticket number per game is t, the amount that Miami Marlins would make in 10 years is:
= 81 x 55 x 10
= 44,550x
The number of tickets to be sold is:
44,550x = 325,000,000
x = 325,000,000 / 44,550
= 7,296 tickets
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Edison manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the
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The above-given situation is an example of shoe-leather costs.
What is inflation?In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.What are shoe-leather costs?The cost to individuals who must make numerous trips to the bank to withdraw more money for goods and services during periods of high inflation is referred to as a "shoe-leather cost." The phrase "shoe-leather cost" refers to how much your shoes will deteriorate if you walk to the bank more frequently.Therefore, the above-given situation is an example of shoe-leather cost.
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When marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives. Question 2 options: True False
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It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
What is marketing?Marketing involves promoting a particular products. It involves setting an objective which when attainable will make the workers happy and willing to do more even when tedious.
Therefore, It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.
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The owners of the newly created Colorado Steakhouse Corp. have conducted a SWOT analysis of its competition and sees a marketing opportunity for its new Colorado Steakhouse restaurant. They have developed its marketing plan to include the type of products it will sell, the location for the restaurant, and the pricing strategy it will use. Their plan includes a marketing objective to make a profit of 5% the first year of operation. So far, the owners of the restaurant have eliminated a key piece of the marketing plan, which is
Answers
The owners of the Colorado Steakhouse forgot to add the vital information to the Market plan regarding the fellow competitors to their market.
What is a Market Plan?A market plan is a part of the business plan of an organization in which the organization's goals, values, mission statement, budget, and tactics are all covered. It describes the approach a business will take to sell its goods to consumers.
What is a SWOT Analysis?SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT analysis is a tool that can assist you in identifying the current strengths of your business and developing a winning future strategy. SWOT can also reveal business issues that are hindering you or that, if undefended, your competitors could use against you.
It helps you to pinpoint your business's limitations and strengthsGives you better clarity on how to cope with these challenges, risky assumptions and to uncover dangerous blind spots about your organization's performanceMaking lists is a part of SWOT analysis, but there is also so much more! Your research and thought process as you start to develop one list, such "Strengths," will inspire ideas for the other categories (Weaknesses, Opportunities or Threats) and to build connections and contradictions which can be overcome.Therefore, the owners of the Colorado Steakhouse Corp. have conducted a SWOT analysis, but it hasn't included much about the Weakness and Opportunities part in its marketing plan.
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The owners of the Colorado Steakhouse restaurant have eliminated a key piece of the marketing plan ,which is: specifying how they will achieve their marketing objective.
What is a Market Plan?A market plan is a part of the business plan of an organization in which the organization's goals, values, mission statement, budget, and tactics are all covered. It describes the approach a business will take to sell its goods to consumers.
What is a SWOT Analysis?SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT analysis is a tool that can assist you in identifying the current strengths of your business and developing a winning future strategy. SWOT can also reveal business issues that are hindering you or that, if undefended, your competitors could use against you.
Therefore, the owners of the Colorado Steakhouse Corp. have conducted a SWOT analysis, but it hasn't included much about the specifying how they will achieve their marketing objective marketing plan.
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Nikita reviews job applicants and screens their applications into thee piles: highly qualified, qualified, and not qualified. She then lets the hiring manager see those who are highly qualified and qualified. This is part of
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Nikita reviews job applicants and screens their applications into thee piles: highly qualified, qualified, and not qualified. She then lets the hiring manager see those who are highly qualified and qualified. This is part of selection.
What is the difference between job analysis and work analysis?Work analysis is thorough and systematic, much like job analysis.However, the result is different. While work analysis finds potential new occupations and the need to reorganize and restructure, job analysis highlights tasks and duties.What is job analysis process?Work analysis is the methodical process of compiling all relevant data on a particular job, such as skill requirements, roles, duties, and procedures, in order to produce a reliable job description.What is a job analysis example?During a job analysis, expected performance levels are frequently stated.Performance appraisal forms can be created using data from a job analysis. A form that lists the tasks or behaviors of the job and specifies the desired performance level for each would be an example of one based on a job analysis.Learn more about selection here:
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Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost: $6.3 million, expected return on plan assets: $1.3 million, actual return on plan assets: $1.1 million, interest cost: $1.5 million, payments to retired employees: $2.1 million, and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $1.2 million. What amount should Harvey Hotels report as pension expense in its income statement for the year
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Pension expense of Harvey Hotels in its income statement for the year= $7.7 million .
Service cost= $6.3 million.
Interest cost= $1.5 million.
Amortization of prior service cost= $1.2 million.
Expected return on plan assets= $1.3 million.
Pension expense=?
Pension expense is decreased by amortization of net gain.
Pension expense= (Service cost+ Interest cost- Expected return on plan assets+ Amortization of prior service cost
= (6.3 +1.5 +1.2)-1.3 .
= 7.7 million.
Pension expense of Harvey Hotels in its income statement for the year= $7.7 million.
What is meant by income statements?An income statement shows a company's revenues, expenses and profitability over a period of time. It is also sometimes called a profit-and-loss (P&L) statement or an earnings statement. It shows your: revenue from selling products or services. Expenses to generate the revenue and manage your business.What is income statement and its purpose?An income statement's objective is to display a company's financial success over a specific time frame. It narrates the financial history of a company's operations. You may discover all of the revenue and expense accounts for a specific time period in an income statement.Learn more about income statement here:
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Stephanie manages a team that has gone through a tremendous amount of transition over the last year. There have been multiple reorganizations, and many legacy software systems and practices have changed. Senior Leadership has just announced that they will be rolling out a new system for employees to track and record their work hours. Stephanie's team has expressed to her their concern over this most recent change. Stephanie attempts to calm the fears in her team by assuming which of the following roles?
a. Disturbance Handler. b. Negotiator. c. Entrepreneur. d. Resource Allocator.
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Answer:
a Disturbance Handle
Explanation:
Flash Card Inc. recently underwent a significant company-wide change that involved revision of its manufacturing and leadership processes. The result of this was a stronger emphasis on horizontal coordination. This level of change is referred to as:
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This level of change is referred to as reengineering.
What is reengineering?Business process re-engineering (BPR) is an early 1990s business management method that focuses on the analysis and design of workflows and business processes within a company. BPR seeks to assist firms in fundamentally rethinking how they do business in order to improve customer experience, reduce operational costs, and compete on a global scale.BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up. A business process, according to early BPR proponent Thomas H. Davenport (1990), is a sequence of logically related operations executed to produce a specific business objective.As the definition of reengineering itself states that BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up.
Therefore, this level of change is referred to as reengineering.
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The planned elimination of many workers in order to enhance the organization's competitiveness is known as _____ and is often the result of a firm wanting to reduce its costs or because technology has replaced its need for labor.
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Hello !
Answer:
The planned elimination of many workers in order to enhance the organization's competitiveness is known as downsizing and is often the result of a firm wanting to reduce its costs or because technology has replaced its need for labor.
The word ____________ refers to promotional clutter, and to other distracting stimuli that cause consumers to lose attention or forget specific content in a marketing message.
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The word Noise refers to promotional clutter, and to other distracting stimuli that cause consumers to lose attention or forget specific content in a marketing message.
Sound is described as vibrations that journey thru the air or another medium that can be heard after they attain someone's or animal's ears. Noise is described as an unwanted sound. In engineering, noise has the additional connotation of signals varying over the years which means, that sound connotes meaningful signals.
Noise is defined as any undesirable or disagreeable sound and is regularly disregarded without a doubt as a “nuisance.” but, noise can end up dangerous whilst it interferes with a toddler's normal sports, such as napping or speaking, or disrupts or diminishes a child's fitness or exceptional of existence.
But, repeated exposures to loud noise can cause permanent tinnitus and/or listening loss. Loud noise can create physical and mental pressure, lessen productivity, intrude on verbal exchange and awareness, and contribute to administrative center injuries and injuries by making it tough to hear warning signals.
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What is a task force? Group of answer choices a formal group whose members must be able to perform all tasks of the team a formal group whose members work permanently and spend most of their time in that team an informal group that has the same members as the permanent task-oriented group a temporary team formed to solve a problem, realize an opportunity, or design a product or service
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A temporary team formed to solve a problem, realize an opportunity, or design a product or service.
What is a task force?A task force is a team of individuals who have been given the temporary assignment to collaborate in order to accomplish a very specific and well-defined goal. A temporary team formed to solve a problem, realize an opportunity, or design a product or service. For instance, a drug task force operates separately from a police force to deal with concerns pertaining to the production, distribution, and use of illicit narcotics.What is collaboration?Collaboration is the process of two or more parties cooperating to carry out a task or realize an objective. Cooperation and collaboration are comparable. Leadership is a necessary component of most collaborations, albeit it can take the form of social leadership within an egalitarian, decentralized group.Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.
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Suppose England exports cars to Australia and imports cheese from Mexico. This situation suggests that Group of answer choices England has an absolute advantage relative to Mexico in producing cheese, and Australia has an absolute advantage relative to England in producing cars. England has a comparative advantage relative to Australia in producing cars, and Mexico has a comparative advantage relative to England in producing cheese. England has an absolute advantage relative to Australia in producing cars, and Mexico has an absolute advantage relative to England in producing cheese. England has a comparative advantage relative to Mexico in producing cheese, and Australia has a comparative advantage relative to England in producing cars.
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If England exports cars to Australia and imports cheese from Mexico. Then, "England has an absolute advantage relative to Australia in producing cars, and Mexico has an absolute advantage relative to England in producing cheese".
What is import and export of goods?Exporting is the process of selling goods and services that are produced or sourced domestically in other nations.
The advantages of exporting are-
reaching out on a worldwide level.higher profits.risk reductionincreased market share and competition.the benefits of scale.government assistance.Purchasing products and services abroad and bringing them back home is referred to as importation.
The importance of importing are-
launching fresh goods on the market.lowering expensesbeing a pioneer in the field.providing goods of excellent quality.know the difference between imports and exports, here
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If market interest rates decrease from 7% to 6%, what happens to the value of a $1,000 bond with a fixed interest rate
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If market interest rates decrease from 7% to 6%, it will increase to the value of a $1,000 bond with a fixed interest rate.
A basic principle of bond investing is that market interest rates and bond prices generally move in opposite directions. When market interest rates rise, fixed-rate bond prices fall. This phenomenon is known as interest rate risk.
If the market interest rate is lower than the contract interest rate, the bond will be sold above its face value. This is because investors are willing to pay more for a bond that pays a higher contract rate than they would get for a similar bond (market rate).
Bond prices are inversely proportional to interest rates. This means that when interest rates rise, bond prices fall, and when interest rates fall, bond prices rise.
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gTeamCo has just completed a several month planning review project. Valerie is a public relations associate for TeamCo and is preparing a press release noting their purpose and core values, along with their services, customers, products, and customers. What is the best way to describe the document that Valerie is working on
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The team's objective is outlined in this document.
What Is the Role of a Public Relations Associate?A public relations associate is in charge of supporting the operations of the public relations department in creating campaigns and promotions to enhance brand image across multiple digital platforms and other communication media. Associates in public relations manage press releases, produce digital material, plan public gatherings, and spot business prospects that could bring in more money and draw in new customers. Additionally, they accurately inform the public of firm news and noteworthy developments. Excellent organizational and communication skills are essential for a public relations associate, especially when it comes to meeting deadlines and meeting client demands.
What are public relations associate responsibilities?
Here are some duties from actual public relations associate resumes that depict typical duties they would probably carry out in their positions.
Organize festival volunteers and oversee the event's online and social media presence.Work with the managers to update and tweet the daily deals and promotions.Prepare and implement the company's first SEO strategy while working on the affiliate marketing plan.Make a content archive.Create and administer social media profiles.Learn more about public speaking with the help of the given link:
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On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method of depreciation, and the bulldozer is expected to yield 26,500 operating hours. What is the depreciation expense per hour of operation
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The depreciation expense per hour of operation is $8 per hour
a. Depreciation expense per hour:
= (Cost - salvage value) / Expected operating hours
= (228,000 - 16,000) / 26,500
= $8 per hour
b. First year depreciation: Second year depreciation:
= 1,250 * 8 = 2,755 * 8
= $10,000 = $22,040
Third year depreciation:
= 1,225 * 8
= $9,800
Journal entries
Date Account Title Debit Credit
June 30, Year 1 Depreciation $10,000
Accumulated Depreciation $10,000
Date Account Title Debit Credit
June 30, Year 2 Depreciation $22,040
Accumulated Depreciation $22,040
Date Account Title Debit Credit
June 30, Year 3 Depreciation $9,800
Accumulated Depreciation $9,800
Your question is incomplete, but most probably your full question was:
On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method depreciation, and the bulldozer is expected to yield 26,500 operating hours.
Required:
(a) Calculate the depreciation expense per hour of operation.
(b) The bulldozer is operated 1,250 hours in the first year, 2,755 hours in the second year, and 1,225 hours in the third year of operations. Journalize the depreciation expense for each year.
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The combination of product lines offered by a manufacturer is called the firm's: Group of answer choices product matrix. product mix. total product offer. product portfolio.
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The combination of product lines offered by a manufacturer is called the firm's product mix.
What is a product mix strategy?
The total number of product lines and distinct goods or services that a business offers is its product mix. Alternatively known as product portfolio or product assortment. Product combinations differ amongst businesses.
Four main product mix strategies are as follows:
Expansion: A business adds more product lines or product depth (i.e., varieties) inside lines.Contraction: A business reduces the variety of its products to get rid of underperforming ones or to streamline the remaining ones.Change an Existing Product: A business makes improvements to an existing product rather than developing a brand-new one.Product differentiation: A corporation advertises a product as being a better option than a rival product without changing it in any manner.Learn more about product mix strategy here:
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When a Central Bank takes action to decrease the money supply and increase the interest rate, it is following: a loose monetary policy. a contractionary monetary policy. a expansionary monetary policy. a quantitative easing policy.
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When a Central Bank takes action to decrease the money supply and increase the interest rate, it is known as a contractionary monetary policy.
Modern central banks' influence over higher base interest rates or other mechanisms that expand the money supply are what propel contractionary monetary policy. By reducing the amount of active money circulating in the economy, inflation is to be decreased.
In order to raise interest rates, reduce investment and consumption, and increase savings rates, a contractionary monetary policy includes reducing the money supply.
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he Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales on account estimated bad debts from the adjusting entry write-offs of specific customers sales discounts and allowances
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The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
What is Doubtful Accounts?It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
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The old Gross National Product (GNP) measurement was replaced by the newer Gross Domestic Product (GDP) definition in 1992. What was one of the biggest differences between the two
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The biggest differences between the two are that GDP no longer counted foreign activities of American businesses located in other nations.
GDP is a hallmark of the nearby/countrywide economy, GNP represents how it is nationals are contributing to the country's economy. For instance, united states of America-based information reporter sent to South Korea and sends her Korean earnings home, they make contributions undoubtedly to the united states' GNP. GDP excludes goods and offerings which can be produced out of doors in the economic system while GNP excludes items and offerings which might be produced by way of foreigners living inside u. s . a .. GDP measures best home manufacturing whereas GNP measures handiest the manufacturing by using nationals.
GDP seems for the amount of monetary activity within a state's economic system, whilst GNP appears on the price of the economic hobby generated with the aid of the state's human beings. which means GNP will matter to the monetary activities of expatriates and different residents out of doors u. s. a .'s borders but GDP will now not. GDP will recall the activities of noncitizens within those borders, however, GNP will now not.
GNP can be calculated by adding intake, authorities spending, capital spending with the aid of agencies, internet exports, and net income with the aid of domestic citizens and companies from distant places investments. This discern is then subtracted from the internet profits earned with the aid of foreign citizens and agencies from home investment.
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A(n) compromise law specifies a requirement for organizations to notify affected parties when they have experienced a specified type of loss of information.
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A(n) breach compromise law specifies a requirement for organizations to notify affected parties when they have experienced a specified type of loss of information. This is further explained below.
What is compromise law?Generally, Compromising is making a deal with the other side instead of fighting it out in court or settling out of court.
In conclusion,When a certain sort of loss of information occurs, an organization is required by law to notify those who may be harmed as a result of the breach or compromise.
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Which statement identifies a reason a federal minimum wage was first established?
Small business owners sought to hire more people.
Workers needed fair compensation for their labor.
The federal government wanted to increase revenue.
Corporations required more highly skilled professionals.
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The correct statement is : ( B ) Workers needed fair compensation for their labor.
Reason for the establishment of the federal minimum wageThe federal minimum wage was established to protect workers by providing fair compensation for their labor and establishing a
standard of living. The federal minimum wage was first introduced to cushion the effect of the post -depression era.
Hence we can conclude that the correct statement is Workers needed fair compensation for their labor.
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Answer: workers needed fair compensation for their labor