What are some of the factors that can influence wage rates in a firm?
What will be an ideal response?
In practice, a combination of internal and external factors can influence, directly or indirectly, the rates at which employees are paid.Internal factors that influence wage rates are:1. Compensation strategy of the organization2. Worth of the job3. Employee's relative worth4. Employer's ability to payMajor external factors that can influence wage rates are:1. Labor market conditions2. Area wage rates3. Cost of living4. Collective bargaining if the employer is unionized5. Legal requirements
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In a waterfall approach to international expansion, ________
A) firms enter countries gradually in a sequence B) firms enter those countries first where the demand for the product is greatest C) countries are entered based upon the availability of government subsidies D) firms enter those countries first where the supply of raw material is greatest E) countries are entered based upon ease of entry
The economic environment includes public policies, laws, government agencies, and pressure groups that influence and regulate various organizations and individuals in society
Indicate whether the statement is true or false
Closing entries ultimately will affect
A) total liabilities. B) the Cash account. C) the Retained Earnings account. D) total assets.
Identify four quantitative forecasting methods
What will be an ideal response?