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Assume that the market equilibrium wage for unskilled labor is $5. The government passes a minimum wage law which sets the minimum wage at $5. Assuming that the unskilled labor market is perfectly competitive and using the tools of supply and demand, what should be the result of this law? (Assume that there are no other changes in the labor market.)
1. The law would not be binding; there would be no effect on the unskilled labor market.
2. The law would be binding and would cause a labor shortage, i.e. unemployment, in the unskilled labor market.
3. The law would be binding and would cause a labor surplus, i.e. unemployment, in the unskilled labor market.
4. The law would affect the entire labor market and would cause a shortage of both the skilled and unskilled workers.
Would you trade welfares for higher pay? If so how much more would you have to make? If not which benefit(s) would you have to keep and why? Please deliver an explanation for your response
Critically reflect on learning across the programme and produce a personal development plan (Initial Self Assessment, R, PDP)
How did Rakuten Company expand? Describe the stages as much as you can. Please DO NOT USE GOOGLE.
Leaders within health care often use a balanced scorecard to help monitor the state of their organization. In order to be an effective management tool, a scorecard must include the most important indicators of an organization's status, while not b..
Assume the company is willing to tolerate one stock-out per year and that the lead time demand follows a normal distribution with a standard deviation of 75 copies.
a) What will be the firms typical value for its accounts receivable period? b) What is the average investment in accounts receivables if annual sales are $20M
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Suggest a formal "Virtual Group Charter." At a minimum, the charter should contain a group name, specific rules for engagement, norms of expected behavior, and selection of a formal leader.
1. Who are the main players within the organization affected by the challenges? 2. In what business and industry is the company operating?
Choose a real or hypothetical long-term care organization specializing in geriatric care (e.g., nursing home, assisted living facility, continuing care.
To that end, do you feel the profession goes far enough in policing itself? Or should it even be allowed to police itself?
Research (a Web search will do) a leader, past or present. This might be a leader in business, politics, or society (see below for examples of leaders).
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