analyze the following table. a table shows various data for the united states in 1870, 1900, and 1920. in 1870, there were 2.7 million farms covering 408 million acres and producing 254 million bushels of wheat. there were 14 million employees, 2.5 million of which worked in manufacturing. 52% of the workforce worked in agriculture, 29% in industry, and 20% in trade, service, and administration. there were 53 thousand miles of railroad track, 0.8 thousand tons of steel were produced, the gross national product was 7.4 billion dollars, the per capita income in 1920 dollars was 371 dollars, and the life expectancy at birth was 42 years. in 1900, there were 5.7 million farms covering 841 million acres and producing 599 million bushels of wheat. there were 28.5 million employees, 5.9 million of which worked in manufacturing. 38% of the workforce worked in agriculture, 31% in industry, and 31% in trade, service, and administration. there were 258 thousand miles of railroad track, 11.2 thousand tons of steel were produced, the gross national product was 18.7 billion dollars, the per capita income in 1920 dollars was 707 dollars, and the life expectancy at birth was 47 years. in 1920, there were 6.4 million farms covering 956 million acres and producing 843 million bushels of wheat. there were 44.5 million employees, 11.2 million of which worked in manufacturing. 27% of the workforce worked in agriculture, 44% in industry, and 27% in trade, service, and administration. there were 407 thousand miles of railroad track, 46 thousand tons of steel were produced, the gross national product was 91.5 billion dollars, the per capita income in 1920 dollars was 920 dollars, and the life expectancy at birth was 54 years. click or tap on the table to enlarge. identify the statements that describe the economic changes that occurred between 1870 and 1920.
Answers
There are several economic changes that occurred between 1870 and 1920 in the United States, as shown in the table.
Here are some statements that describe these changes:
The number of farms increased from 2.7 million in 1870 to 6.4 million in 1920, while the amount of land used for farming increased from 408 million acres to 956 million acres.The production of wheat increased from 254 million bushels in 1870 to 843 million bushels in 1920.The number of employees increased from 14 million in 1870 to 44.5 million in 1920, with a significant increase in the number of employees working in manufacturing (from 2.5 million to 11.2 million).The percentage of the workforce working in agriculture decreased from 52% in 1870 to 27% in 1920, while the percentage of the workforce working in industry increased from 29% to 44%.The amount of railroad track increased from 53 thousand miles in 1870 to 407 thousand miles in 1920.The gross national product increased from 7.4 billion dollars in 1870 to 91.5 billion dollars in 1920.The per capita income increased from 371 dollars (in 1920 dollars) in 1870 to 920 dollars in 1920.The life expectancy at birth increased from 42 years in 1870 to 54 years in 1920.Learn more about per capita income :
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Related Questions
Make a job cost sheet for the standard units. use the following direct materials and direct labor information. - direct materials $7,740 - direct labor $5,492 for overhead, computer overhead rates for each of the three activities. hint, you will divide each activitys budgeted cost by the total amount of that activity's cost driver. you will have to calculate 3 different rates, one for each activity. (round activity rate and cost per unit answers to 2 decimal places.) your job cost sheet will include: direct materials direct labor overhead for purchasing overhead for designing overhead for shipping
Answers
Per units cost is 2.96(round to 2 decimal places) as per the requirement.
Job cost sheet for Standard units:
Job cost sheet for Standard Units
Direct Material
$7,846.00
Direct labor
$6,540.00
Overheads:
Purchasing
$30,000.00
Designing
$41,400.00
Shipping
$45,000.00
Total overheads
$116,400.00
Total job cost
$130,786.00
Divide by Units produced
$44,254.00
Per Cost unit
$2.96
Formula snip: for the Job cost sheet.
Job cost sheet for Standard Units
Direct Material
7846
Direct labor
6540
Overheads:
Purchasing
=(93000/7750)*2500
Designing
=(92000/10000)*4500
Shipping
=(87000/5800)*3000
Total overheads
=SUM(B5:B7)
Total job cost
=SUM(C2:C8)
Divide by Units produced
44254
Per Cost unit
=C9/C10
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If the monthend bank statement shows a balance of $36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
Answers
Explanation:
36,000, outstanding checks are
$10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was
erroneously charged by the bank against the account, the correct balance in the bank
account at month end is
The value proposition is____
Answers
Answer:
A value proposition states the: specific benefits a product or service offering provides to a buyer.
Explanation:
A value proposition states the: specific benefits a product or service offering provides to a buyer.
In a project schedule, which types of dependencies are most common?
Answers
Answer:
Finish to Start, finish to finish.
Explanation:
10
Paying only the minimum balance on your credit card
can lead to...
A) an increase in your credit score
B) paying more interest.
C)late fees
D)All of the above
Answers
Paying only the minimum balance on your credit card can lead to. paying more interest. Therefore option B is correct.
What is a credit card?
A credit card is a small, rectangular piece of plastic or metal that is issued by a bank or other financial institution and enables its holder to borrow money to pay for products and services at businesses that accept credit cards. Credit cards impose the need that cardholders repay the borrowed funds, plus any applicable interest and any other agreed-upon charges, in full or over time, either by the billing date or at a later date.
The credit card issuer may additionally provide cardholders with a separate cash line of credit (LOC) in addition to the usual credit limit, allowing them to borrow money in the form of cash advances that may be accessed through bank teller machines, ATMs, or credit card convenience checks. Compared to transactions that access the primary credit line, such cash advances often have different terms, such as no grace period and higher interest rates.
Borrowing caps are often set by issuers depending on a person's credit score. Credit cards continue to be one of the most widely used payment methods for purchasing goods and services for consumers today, and the great majority of companies allow customers to use them to make transactions.
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Question 16 of 40
What is the difference between specialization and cross-training?
A. Specialization is for employees at the top management level of
the company while cross-training is for employees at the entry
level.
B. Specialization is for employees who love what they do while cross-
training is for employees who don't love any one particular area of
their work.
C. Specialization leads employees to focus on a single skill or task
while cross-training deals with training employees in multiple skills
or tasks.
D. Specialization is for employees who have an advanced degree
while cross-training is for those who do not have an advanced
degree.
Answers
The correct answer is C) , Specialization leads employees to focus on a single skill or task while cross-training deals with training employees in multiple skills or tasks.
Specialization and cross-training differ in terms of the focus of training and development. Specialization involves employees focusing on developing expertise in a particular skill or area of work. It often involves becoming highly proficient and knowledgeable in a specific field or task.
Specialization allows employees to become experts in their chosen area and can lead to increased efficiency and productivity in that particular domain.
On the other hand, cross-training involves training employees in multiple skills or tasks that are outside of their primary area of expertise. It aims to provide employees with a broader skill set and the ability to perform different roles within an organization.
Cross-training helps in creating a more flexible workforce that can adapt to changing needs and handle a variety of tasks. It also enhances collaboration and teamwork by enabling employees to understand and appreciate the work of their colleagues in different areas.
Specialization and cross-training are both valuable approaches depending on the organizational needs and employee roles.
Specialization is beneficial when deep expertise and mastery in a specific area are required, while cross-training is advantageous for fostering versatility and adaptability among employees.
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A company prospectus includes:
Answers
A company prospectus includes Business Overview, Company History, Management Team, Financial Information, Risk Factors, Legal and Regulatory Information, Corporate Governance.
The contents of a company prospectus may vary depending on the specific regulations of the jurisdiction where the company operates. However, in general, a prospectus includes the following key elements:
Business Overview: A description of the company's business activities, including its industry, products or services, target market, and competitive advantages.Company History: Background information about the company, including its founding date, key milestones, and any significant events that have shaped its development.Management Team: Profiles of the company's key executives and management team members, including their qualifications, experience, and responsibilities.Financial Information: Detailed financial statements, including balance sheets, income statements, and cash flow statements, for a specified period. This section also provides information on the company's assets, liabilities, revenues, expenses, and profitability.Risk Factors: A discussion of the potential risks and uncertainties that could affect the company's operations, financial performance, or investment prospects. This may include market risks, regulatory risks, industry-specific risks, or any other factors that investors should consider before making investment decisions.Legal and Regulatory Information: Disclosures related to any legal or regulatory matters that may impact the company, such as pending lawsuits, regulatory compliance issues, or intellectual property rights.Corporate Governance: Details about the company's corporate structure, board of directors, executive compensation, and any other corporate governance practices that ensure transparency and accountability.For such more question on Financial:
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What of the following is not considered practice before the IRS per Circular 230?
A. Corresponding with the IRS in writing
B. Talking on the telephone to the IRS about a taxpayer
C. Appearing as a witness for a taxpayer
D. Representing a taxpayer at a hearing
Answers
According to Circular 230, speaking over the phone with the IRS regarding a taxpayer is not regarded as practise in front of the IRS.
What exactly does the Circular 230 cover?Disbarment, practise privileges suspension, and censure are all forms of discipline covered by Circular 230. A practitioner's practise privileges may be suspended for a set period of time or indefinitely; before such rights are reinstated, the OPR must first grant their request for reinstatement.
What does Circular 230 define as "practise" in relation to the IRS?Attorneys, CPAs, and enrolled agents are frequently permitted to represent taxpayers before the IRS. Enrolled actuaries and retirement plan agents may provide representation with regard to the Internal Tax Code provisions listed in Circular 230.
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what is the answer to this picture
Answers
Developed
Developing Nation
Hope this helps!
How are marketers using spam text messages to their advantage?
Answers
Marketers use spam text messages to their advantage : as a way to reach a large amount of potential customers quickly and inexpensively.
Who is a marketers?A marketer can be defined as the person that help to create awareness about a company product or brand so as to increase sales thereby leading to more income or profit for the company.
Although , sending out unsolicited text messages can be illegal in some countries based on this it is important for marketers to obtain prior consent from individuals before sending them text messages and to provide an easy way for people to opt out of receiving further messages.
Therefore spam text messages is a way to reach a large amount of potential customers quickly and inexpensively.
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If the Fed carries out an open market operation and buys U.S. government securities, the federal funds rate ________ and the quantity of reserves ________.
Answers
Answer:
decreases, increases
Explanation:
An open market operation where the government buys securities increases the money supply so the Federal funds rates increases. Because of the increase in money supply, the reserves held by banks would increase.
the federal funds rate is the interest rate at which banks can borrow or lend excess reserves overnight
Which factor is not impacted by cost of living?
A. How much housing costs
B. The cost of health care
O C. Insurance rates you pay
D. The quality of your relationships
Answers
The quality of our relationships is not impacted by the cost of living. So, option (D) is the correct answer.
What are the impacts of the cost of living?When the cost of living rises significantly, it might have unexpected consequences. Labor and labor markets may be affected by rising living costs.
Lower-income households, for example, may provide a significant portion of the workers for big industries. The local workers may be priced out as living prices rise.
The amount of money required to maintain a specific level of living by covering expenses such as housing, food, taxes, and healthcare is referred to as the cost of living.
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ALL the questions in this assignment will be assessed using a rubric with marks awarded for
displaying logic and coherence: sound knowledge of content, including at least three academie
articles - sourced from credible sources, application of theory, and adherence to SBS referencing
guidelines
Question 1 [30]
Write an essay to demonstrate your understanding of the economies of scale in a supply chain with
reference to cycle inventory by arguing whether a toothpaste manufacturer wanting to offer quantity
discounts to maximise its profit should offer lot-size-based or volume-based quantity discounts if it
wants to maximise total supply chain profits at the same time. Discuss the concepts of lot-size-based
and volume-based quantity discounts and summarise under what circumstances lot-size-based and
volume-based quantity discounts are applicable before you argue the case of the toothpaste
nanufacturer
uestion 2 [35]
Answers
Explanation:
Material prices, ordering costs, and keeping costs are the three major expense groups for the supermarket's inventory strategy. The money spent to Proctor and Gamble on the materials themselves is known as the material expense. Ordering prices, also known as procurement costs, are charged when a customer requests supplies from a retailer and are fixed so that they do not change depending on the scale of the order. Fixed examples include the following:
The costs include the time it takes to put the order, deal with the paperwork that comes with it, and the cost of shipping the order. The holding cost is the cost of keeping a single unit in inventory for a set amount of time, normally a year. This expense is subjective and covers the cost of capital as well as all of the costs of physically handling material, such as shrinkage, spoilage, or obsolescence, insurance, the cost of capital, the cost of storage space, and so on.
Mini Case Study-Walmart GoLocal
1. How this piece of news related with the definition of marketing?
Choose at least three perspectives to elaborate.
2. What is your prediction of this GoLocal Plan? Will it be successful? Why?
Answers
Answer:
can u show the case study
Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbrough. Duff accepted the receivables subject to recourse for nonpayment. Duff assessed a fee of 3% and retains a holdback equal to 5% of the accounts receivable. In addition, Duff charged 15% interest computed on a weighted-average time to maturity of the receivables of fifty-four days. The fair value of the recourse obligation is $9,000. Scarbrough will receive and record cash of
$556,685
$547,685
$538,685
$529,685
Vaughn Manufacturing assigns $4570000 of its accounts receivables as collateral for a $2.99 million loan with a bank. The bank assesses a 3% finance charge on the loan amount and charges interest on the note at 5%. What would be the journal entry to record this transaction?
Debit Cash for $2026800, debit Interest Expense for $89700, debit Due from Bank for $1580000, and credit Accounts Receivable for $4570000.
Debit Cash for $2900300, debit Interest Expense for $89700, and credit Notes Payable for $2990000.
Debit Cash for $2900300, debit Interest Expense for $89700, and credit Accounts Receivable for $2990000.
Debit Cash for $2750800, debit Interest Expense for $239200, and credit Notes Payable for $2990000.
Answers
Answer:
Scarbrough will receive and record cash of $538,685
The journal entry to record this transaction would be:
Debit Credit
Cash $2,900,300
Interest Expense $89,700
Notes Payable $2,990,000
Debit Cash for $2900300, debit Interest Expense for $89700, and credit Notes Payable for $2990000
Explanation:
In order to calculate the amount Scarbrough will receive and record cash we would have to make the following calculation:
Scarbrough will receive and record cash=Receivables-Amount of the hold back-Withheld as fee income-Less: Withheld as interest expense
Receivables= $600,000
Amount of the hold back=$600,000 x 5%=$30,000
Withheld as fee income=$600,000 x 3%=$18,000
Withheld as interest expense=$600,000 × 15% × 54/365=$13,315
Therefore, Scarbrough will receive and record cash=$600,000- $30,000-$18,000-$13,315=$538,685
Scarbrough will receive and record cash of $538,685
According to the given data to journal entry to record this transaction would be the following:
Debit Credit
Cash $2,900,300
Interest Expense $89,700
Notes Payable $2,990,000
Interest Expense=$2,990,000 x 3%=$89,700
According to the video, what strategy do many banks use with their employees?
They transfer workers to new locations
They hire from other banks
They promote from within
They maintain the current staff
Answers
Answer: C
Explanation:
I just took the test
Answer:
The answer is c
Explanation:
A training needs assessment can be helpful in identifying training gaps. Select the option below that is NOT one of the six steps that can be used to help identify and address training gaps.
a.conduct an organizational resource analysis
b.evaluate employee’s background check
c.measure performance
d.solicit input on training needs
Answers
"Evaluate Employee's Background Check" is NOT one of the six processes that may be utilized to assist identify and correct training deficiencies.
How can it be explained in detail?Finding the skills and knowledge gaps that exist inside an organization requires conducting a training needs assessment. Determining the right kind of training is important for enhancing employee performance and achieving corporate objectives. Performance evaluation is one of the six phases in performing a training needs assessment. In this stage, performance levels are examined in order to pinpoint areas that require improvement. It is crucial to employ trustworthy, unbiased metrics to assess performance, such as productivity statistics, performance appraisals, and customer satisfaction polls. In order to identify areas where training is required, another phase in the process is to gather feedback on the need for training from stakeholders, including employees, managers, and other parties.
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The following table shows a simplified consolidated balance sheet for the entire
banking system (all figures are in billions). The reserve ratio is 25 percent.
Assets Liabilities &Equity
Reserves 96 Checkable Deposits 400
Securities 104
Loans 200
a. 1. What is the amount of excess reserves in this banking system?
2. What is the maximum amount the banking system might lend?
3. Show how the balance sheet would look after this amount has been lent
(construct new balance sheet or add columns).
4. What is the size of the monetary multiplier?
b. 1. Answer the questions in part a assuming the reserve ratio is 15 percent.
2. What is the resulting difference in the amount that the banking system can
lend? How do you explain the difference?
Answers
Answer:
Kindly check explanation
Explanation:
Excess reserve = (Actual reserve - required reserve)
Required reserve = reserve ratio × Checkable deposit
Required reserve = 0.25 × $400 billion
Required reserve = $100 billion
Excess reserve = $96 - $100 = - $4billion
B) money multiplier = 1/ required reserve ratio
1/0.25 = 4
Maxumum amount that can be Lent = 4 × 4 = $16 million
If reserve ratio = 15%
Required reserve = 0.15 × $400 billion = $60 billion
Excess reserve = $96 - $60 = $36 billion
Monetary multiplier = 1/ 0.15 = 6.667
Maximum amount of loan = 6.667 × 36 = $240 billion
The frequency distribution of order lead time of the retailer from Exercise repeated below
a. How many orders were filled in less than 10 days? In less than 15 days?
b. Convert the frequency distribution to a cumulative frequency distribution.
d. Develop a cumulative frequency polygon.
d. About 60% of the orders were filled in less than how many days
Answers
6 + 7 = 13 represents the number of orders filled in fewer than 10 days. 6 + 7 + 12 = 25 are the orders that were completed in fewer than 15 days. Each frequency from a frequency distribution table is added to the total of its predecessors to determine the cumulative frequency.
Since all frequencies will have previously been added to the prior total, the final result will always be equal to the sum of all observations. The cumulative frequency is divided by the total number of observations (25 in this case) in the Cumulative percentage column. Next, the outcome is multiplied by 100. The cumulative percentage for each interval is determined by this calculation.
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When Kate went to the library to apply for a job she needed to fill this out first?
1.Resume
2.W-2
3.Quota
4.Application 
Answers
Can yu mark branilest plz
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Answers
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $87,143; costs = $62,695; addition to retained earnings = $1,398; dividends paid = $211; interest expense = $975; tax rate = 27 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)
Answers
Answer:
Net earnings = Dividends Paid + Retained earnings
Net earnings = $211 + $1,398
Net earnings = $1,609
Earnings before tax (EBT) = Net earnings / (1-t)
Earnings before tax (EBT) = $1,609 / (1 - 27%)
Earnings before tax (EBT) = $2,204.11
Earnings before interest and tax (EBIT) = EBT + Interest paid
Earnings before interest and tax (EBIT) = $2,204.11 + $975
Earnings before interest and tax (EBIT) = $3,179.11
Gross Profit / EBITDA = Sales - Costs
Gross Profit / EBITDA = $87,143 - $62,695
Gross Profit / EBITDA = $24,448
Depreciation = EBITDA - EBIT
Depreciation = $24,448 - $3,179.11
Depreciation = $21,268.89
Dehnert Midwifery's cost formula for its wages and salaries is $2,030 per month plus $409 per birth. For the month of May, the company planned for activity of 112 births, but the actual level of activity was 114 births. The actual wages and salaries for the month was $50,800. The wages and salaries in the planning budget for May would be closest to: Group of answer choices $47,838 $50,800 $49,909 $48,656
Answers
Answer:
The Answer is A. $47,838.
Explanation:
ALOT OF POINTS MARKING PEOPLE AS BRAINLIST
You've been watching a stock that currently trades at $85 per share. You'd buy it if it were less expensive, say $75 per share. You think that by year-end, the stock will go to $130 and then level off or decline. You place a limit order to buy 100 shares at $ 75 and a limit order to sell at $130. It turns out that you were right about the direction of the price move and it goes straight to $140. What is your position?
Answers
Answer:
Stock portfolio is weighted in $$ not shares.
weight = 100% * (position value) / (portfolio value)
Stock A
155 * $88 = $13,640
Stock B
130 * $98 = $12,740
if these are the only two positions in the portfolio then the total portfolio value is:
$13,640 + $12,740 = $26,380
weight A = 100% * $13,640 / $26,380
= 51.7%
then, since there's only two positions the weight of B is: 100% - 51.7% = 48.3%
Explanation:
A company borrows $10,000 at a nominal interest rate of 8% per year. How much interest will they owe after the first year?
Answers
give at least 2 diffrences of entrepreneurs and intrapreneurs."
Answers
Answer:
The main difference between an entrepreneur and intrapreneur is that an intrapreneur is already an employee of an existing organization or buissness, while the entrepreneur creates and oversees a new organization or buissness. Another difference is when an entrepreneur introduces an idea, they are usually introducing a new idea that doesnt already exist or belong to a company. an intrapreneur on the other hand promotes an idea innovation within the already existing company. Also, an intrapreneur is usually an "inside entrepreneur" within an inside co. while an entrepreneur is typically in a larger firm.
Explanation:
I hope this helps have a great day:)
Adrienne has several receipts from recent transactions that she entered in her records. The receipts include an ATM receipt for a $60.00 withdrawal (plus a $2.00 transaction fee), a grocery store receipt for $32.50, and a $1,200 paycheck deposit slip.
When she finishes entering her transactions, Adrienne realizes that her balance is incorrect. Assuming that Adrienne’s beginning account balance was $320.00, why is her balance incorrect?
Adrienne forgot to include the $2.00 ATM transaction fee.
Adrienne did not use $320.00 as her starting balance.
Adrienne deducted $23.50 from her balance instead of $32.50.
Adrienne did not enter her ATM withdrawal correctly.
Answers
Answer:D
Explanation:
When she finishes entering her transactions, Adrienne realizes that her balance is incorrect. Assuming that Adrienne's beginning account balance was $320.00, her balance is incorrect because Adrienne did not enter her ATM withdrawal correctly. The correct option is d.
What is an ATM?An automated teller machine is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
ATMs are known by a variety of names, including automatic teller machine in the United States. In Canada, the term automated banking machine is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms cashpoint, cash machine and hole in the wall are most widely used.
Other terms include any time money, cashline, tyme machine, cash dispenser, cash corner, bankomat, or bancomat. ATMs that are not operated by a financial institution are known as "white-label" ATMs.
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What type of Businesses has limited liability ?
Answers
Answer:
LLC, a limited liability company
Explanation:
Identify external dispute resolution mechanisms that could be employed to resolve industrial actions if it did eventuate
Answers
Based on the available alternative dispute resolution methods, the external dispute resolution mechanisms that could be employed to resolve industrial actions if it did eventuate is Arbitration.
Arbitration is a form of alternative dispute resolution method. It involves the arrangement in which the parties to the disputes, usually contracts, agree to submit issues to an approved independent expert to solve the problem.
The independent expert is known as the arbitrator, and because of his expertise, he is expected to solve the disagreement between the aggrieved parties.
The other method of external dispute resolution is known as litigation, which means settling in court.
Hence, in this case, it is concluded that the correct answer is arbitration and litigation.
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