ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
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Labor Relations Labor relations can refer generally to any association between workers and management about employment circumstances. Most frequently‚ labor relations refers to dealings involving a workforce that is already unionized and management‚ or has the potential to become unionized. Labor relations are vital to organizations. The National Labor Relations Act was passed in the 1930s‚ which gave workers the right to bargain collectively and form unions in the United States (http://www.investorglossary
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CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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wages‚ benefits‚ vacations‚ holidays‚ and profit sharing. Personnel policies refer to layoffs‚ promotions‚ and transfer policies. Employer’s rights and responsibilities include but not limited to seniority rights‚ job standards‚ management right‚ just cause‚ safety standards‚ and discipline and discharge‚ (Budd‚ 2009‚ p. 13) Employer rights and responsibilities is a component of collective bargaining is illustrated in an article by Aaron Kuriloff. According to this article the NFL position is that the;
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BEd132: Positive Child Guidance 20120883 Juhi Mehta Each child is special‚ unique and important. Hence‚ it is essential to acknowledge their feelings and‚ as adults‚ respect their needs and abilities at all times. “Children’s behaviour is compelled by a range of physical‚ biological‚ social‚ emotional as well as environmental factors” (New Zealand Tertiary College [NZTC]‚ 2012). Teachers‚ parents and families play a vital role in sharing the responsibility to usher‚ channelize and work towards
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TOPIC: Explain the causes of stresses. Introduction Life is full of expectations‚ commitments‚ deadlines‚ frustrations and demands. People are faced with stress every day that it has become a way of life. Stress is a response to evens that make you feel threatened or upset your balance in some ways. According to Gilabert (2007:10) stress is defined as an emotional reaction occurring in the presence of certain stimuli that usually trigger the body’s coping mechanisms to face the new circumstance.
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Child labor Children are the future of a nation or it can perfectly be said that they are the soul of a nation they are the foundation of any country because they help in the nation building. But in today’s scenario Child labor has become an international issue. Today most of countries of the world facing child labor as an acute problem. It is a curse to the society.it does not only show the backwardness of a nation but it is against the humanity. children work in factories shops restaurant when
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CHILD LABOR: Causes of Child Labor Among Third Year Male Students of Baclaran National High School SY 2012-2013 A Research Paper By: Ma. Nelfa B. Durana IV-Newton January 2013 TABLE OF CONTENTS CHAPTER I INTRODUCTION Background of the Study ……………………………………………………….. Assumptions ……………………………………………………………………. Statement of the Problem ………………………………………………………. Hypothesis ……………………………………………………………………… Significance of the Study ………………………………………………………. Scope and Limitations of the Study …………………………………………
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dThe Division of Labor in Society (1893) [Excerpt from Robert Alun Jones. Emile Durkheim: An Introduction to Four Major Works. Beverly Hills‚ CA: Sage Publications‚ Inc.‚ 1986. Pp. 24-59.] Outline of Topics 1. Durkheim’s Problem 2. The Function of the Division of Labor 3. The Causes of the Division of Labor 4. Abnormal Forms of the Division of Labor 5. Critical Remarks Durkheim’s Problem In 1776‚ Adam Smith opened The Wealth of Nations with the observation that "the greatest
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Innocent Mordi Turnitin: 13% Introduction: The oil and gas industry is one of the booming industries as of today and it is gradually developing its trend globally. One major workforce challenge facing the industry is Recruitment‚ finding motivated and skilled pool talent to sustain growth in the economy. Rapid technological advancements are demanding new kinds of workers for this type of industry. HR leaders associated with this industry need to be up to date themselves with relentless ongoing HR
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