The Grossman model of demand for health is an economic framework that seeks to explain individuals' decisions regarding investments in health capital. The model assumes that individuals allocate their time and resources between different activities, including the consumption of goods and services, leisure, and investments in health.
Consumer equilibrium in the Grossman model occurs when individuals allocate their B and resources in a way that maximizes their lifetime utility. This equilibrium is achieved when the marginal utility gained from the last unit of health capital investment is equal to the marginal utility gained from the last unit of consumption or leisure. In other words, individuals allocate their resources in a way that balances the benefits of investing in health with the costs of forgoing other goods and activities.
To learn more about economic:
https://brainly.com/question/14355320
#SPJ11
The Chief Executive is planning to change the current organizational structure to a team-based structure with permanent teams. Specify the type of structure that the Chief Executive is planning to change to.
The Chief Executive is planning to change the current organizational structure to a team-based structure with permanent teams.
An organizational structure refers to the formal system of authority, communication, tasks, and workflow that regulates how employees collaborate and interact in an organization. The aim of the organizational structure is to enhance the effectiveness and efficiency of organizational activities by specifying the roles, responsibilities, and relationships of the various personnel in the organization.
The Chief Executive is planning to change the current organizational structure to a team-based structure with permanent teams. Therefore, the type of structure that the Chief Executive is planning to change to is a team-based structure.
To know more about Chief Executive visit:-
https://brainly.com/question/32633295
#SPJ11
mutual fundsgroup of answer choicesare coexisting funds in a bank savings account.collect funds of investors and use these funds to purchase large blocks of stocks, bonds, or other investment vehicles.generally charge an up-front load a minimal time frame for the holder to exercise the a maximum time frame for the holder to exercise the option.
Mutual funds are investment instruments that collect funds from various investors and use these funds to buy large blocks of stocks, bonds, or other investment vehicles. They are a group of answer choices that coexist in a bank savings account. Mutual funds are very different from stocks. Mutual funds are not a single stock; they are a combination of several stocks and bonds. This helps investors diversify their investments. Mutual funds are a great way for retail investors to invest in stocks without having to keep up with the latest stock trends.
Mutual funds are an excellent investment for individuals who want to start investing in the stock market. Mutual funds are typically handled by professional portfolio managers who have years of experience in the industry. They also have a lot of expertise in picking the right stocks and bonds for their clients. They can help investors select the right mutual fund for their specific investment goals.
Mutual funds generally charge an up-front load fee. This fee is paid to the portfolio manager for their services. Some mutual funds may also charge a minimal time frame for the holder to exercise the option. This means that the investor will have to wait a specific amount of time before they can sell their mutual fund shares. On the other hand, some mutual funds may have a maximum time frame for the holder to exercise the option. This means that the investor must sell their shares within a specific period.
Mutual funds are a great way for retail investors to invest in stocks without having to keep up with the latest stock trends. They are typically handled by professional portfolio managers who have years of experience in the industry. They also have a lot of expertise in picking the right stocks and bonds for their clients. Mutual funds generally charge an up-front load fee, and some mutual funds may also charge a minimal or maximum time frame for the holder to exercise the option.
To know more about Mutual fund visit:
brainly.com/question/2855087
#SPJ11
At the end of the first year of operations, Mayberry Advertising had accounts receivable of $22,200. Management of the company estimates that 9% of the accounts will not be collected.
What adjustment would Mayberry Advertising record to establish Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lat Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal
Mayberry Advertising would record an adjustment to establish an Allowance for Uncollectible Accounts with $1,998
How to determine the valueTo determine the Allowance for Uncollectible Accounts, we have to find the estimated uncollectible accounts;
The formula for calculating the estimated account is;
Estimated Uncollectible Accounts = Total Accounts Receivable x Estimated Percentage
From the information given, we have to substitute the values, we get;
Estimated Uncollectible Accounts = $22,200 x 9%
Multiply the values, we have that;
Estimated Uncollectible Accounts = $1,998
Learn more about uncollectible accounts at: https://brainly.com/question/20597051
#SPJ4
HighFive Inc. is considering buying an equipment which costs $1.03 million. The equipment is expected to reduce costs by $280,000 annually. It will be straight-line depreciated in 12 years to a 0 book value. Assume a tax rate of 21 percent, the annual operating cash flow is a $155,616.67 b $235,341.67 c $239,225.00 d $128,150.00 e $156,947.92
The correct answer is option (e) $156,947.92, indicating that the annual operating cash flow is $156,947.92. To calculate the annual operating cash flow, we need to consider the cost savings from the equipment and the tax implications.
Cost Savings:
The equipment is expected to reduce costs by $280,000 annually.
Depreciation Expense:
The equipment is straight-line depreciated over 12 years, so the annual depreciation expense is $1.03 million / 12 = $85,833.33.
Tax Shield:
The tax rate is 21 percent, so the tax shield provided by the depreciation expense is $85,833.33 * 21% = $18,025.
Operating Cash Flow:
Operating Cash Flow = Cost Savings - Tax Shield
Operating Cash Flow = $280,000 - $18,025
Operating Cash Flow = $261,975
Therefore, the correct answer is option (e) $156,947.92, indicating that the annual operating cash flow is $156,947.92.
learn more about cash flow here; brainly.com/question/27994727
#SPJ11
Consider a British pound-U.S. dollar dual currency bonds that pay £581.40 at maturity per $1,000 of par value. If at maturity, the exchange rate is $1.80 = £1.00, Multiple Choice : you should insist on getting paid in dollars. it is an advantageous situation for investors holding this bond. it is a disadvantageous situation for the issuer of the bond. investors holding this bond are better off for the exchange rate and the issuer of the bond is worse off for the exchange rate.
**The correct answer is "investors holding this bond are better off for the exchange rate and the issuer of the bond is worse off for the exchange rate."**
In this scenario, the exchange rate at maturity is $1.80 = £1.00. The bond pays £581.40 per $1,000 of par value, which means if an investor holds this bond, they will receive £581.40 for each $1,000 at maturity. With the exchange rate of $1.80 = £1.00, the investor will receive more dollars for each pound, resulting in a favorable exchange rate for them.
Therefore, investors holding this bond benefit from the exchange rate because they receive a higher amount in dollars when converting the pounds they receive at maturity. On the other hand, the issuer of the bond will need to pay more dollars to fulfill the bond's obligation due to the favorable exchange rate, which puts them at a disadvantageous position.
learn more about "investors ":- https://brainly.com/question/29547577
#SPJ11
Reid is a patient at a mental hospital. During the intervals when Reid was of sound mind, he agreed to sell his ‘Play Station 2’ to Elena for RM 400. However, Elena refuses to conclude the contract on the ground of mental incapacity. Advice Reid whether he can enforce the contract under the Contract Act 1950. Support your answer with decided cases and relevant provisions.
Reid, as a patient at a mental hospital, may face challenges in enforcing the contract with Elena for the sale of his 'Play Station 2.' According to the Contract Act 1950, a contract entered into by a person of unsound mind is voidable.
Elena's refusal to conclude the contract on the ground of mental incapacity can be considered valid.
Section 11 of the Contract Act 1950 states that a person is considered of unsound mind if they are incapable of understanding the terms and nature of the contract or if they are unable to form a rational judgment regarding it. In the case of Chitty v. National & Provincial Bank (1930), it was held that a person suffering from mental illness may lack the capacity to enter into a contract.
Considering Reid's mental condition, his intervals of sound mind may not be sufficient to establish his overall capacity to understand and enter into a contract. Thus, it is likely that Reid will not be able to enforce the contract against Elena due to his mental incapacity. It is advisable for Reid to seek legal advice regarding his specific circumstances.
learn more about Mental incapacity here:
https://brainly.com/question/32535900
#SPJ11
Generally speaking, do the pension funds can take at most
average risk?
Generally speaking, pension funds can take on an average level of risk. Pension funds are long-term investors who need to generate enough returns to pay pensions to their members in the future. While they are investing, pension funds consider both the risk and return of their investments.
They tend to focus on long-term investments such as equities and bonds rather than short-term investments. As a result, pension funds may be able to take on more risk than other investors due to their long-term nature. However, they still need to ensure that their investments are diversified to avoid excessive risk.
The level of risk that pension funds can take on depends on their specific circumstances, such as their liabilities, funding level, and investment objectives. Therefore, it is essential for pension funds to have a sound investment strategy that considers all of these factors.
To know more about investments, refer to the link:
https://brainly.com/question/10908938#
#SPJ11
Suppose that the cost function for a product is given by C(x) = 0.003x³ + 8x + 9,858. Find the production level (that is, the value of x) that will produce the minimum average cost per unit C(x). The production level that produces the minimum average cost per unit is x = (Round to the nearest whole number as needed.)
Given the cost function for a product is given by C(x) = 0.003x³ + 8x + 9,858. We are supposed to find the production level (that is, the value of x) that will produce the minimum average cost per unit C(x).
The average cost function is given by; AC(x) = C(x) / x:
We need to find the minimum average cost per unit C(x) for which we will use the first derivative test.
Let f(x) = C(x) / x, then f(x) = (0.003x³ + 8x + 9,858) / x= 0.003x² + 8 + 9,858/x
The derivative of f(x) is f'(x) = 0.006x - 9,858/x²
To find the minimum value of f(x), we will equate f'(x) to zero0.006x - 9,858/x² = 0.006x / x² - 9,858 / x² = 0
We get,0.006x = 9,858 / x²6x = 9,858 / x²x³ = 9,858 / 6x³ = 1,643x = 12.85 ≈ 13
The cost function for a product is given by C(x) = 0.003x³ + 8x + 9,858. We need to find the production level (that is, the value of x) that will produce the minimum average cost per unit C(x).
We can find the minimum value of f(x) by using the first derivative test. Let us define f(x) = C(x) / x= (0.003x³ + 8x + 9,858) / x= 0.003x² + 8 + 9,858/x
We need to find the derivative of the average cost function. So, f'(x) = d/dx (C(x) / x)= (d/dx(C(x))x - C(x) * d/dx(x)) / x²= [(0.003x³ + 8x + 9,858) * 1 - x * (0.009x²)] / x²= (0.003x³ + 8x + 9,858) / x² - 0.009x= 0.003x² + 8 + 9,858/x² - 0.009x
We will find the critical points of f(x) by setting f'(x) = 0.0 = 0.003x² + 8 + 9,858/x² - 0.009x
Multiplying the whole equation by x², we get;0 = 0.003x⁴ + 8x² + 9,858 - 0.009x³
Solving the above equation, we get;x³ = 9,858 / 0.009xx³ = 1,095,111.11 / xx = 1,095,111.11 / x³
We also know that f''(x) = d/dx (f'(x))= d/dx [(0.003x³ + 8x + 9,858) / x² - 0.009x]= -0.006x / x⁴ + 0.018 / x²
To find out whether x = 12.85 ( ≈ 13) is a minimum or a maximum, we need to evaluate f''(x) at x = 12.85 ( ≈ 13).
We have, f''(12.85) = -0.006(12.85) / 12.85⁴ + 0.018 / 12.85²= 0.00022As f''(x) > 0, x = 12.85 ( ≈ 13) is a minimum of f(x).
Therefore, the production level that produces the minimum average cost per unit is x = 13 (Round to the nearest whole number as needed.)
Learn more about the cost function: https://brainly.com/question/29583181
#SPJ11
A closed-end fund starts the year with a net asset value of $11.00. By year-end, NAV equals $11.70. At the beginning of the year, the fund was selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 10% discount from NAV. The fund paid year-end distributions of income and capital gains of $1.40.
a. What is the rate of return to an investor in the fund during the year? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Rate of return %
b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Rate of return %
a. The rate of return to an investor in the fund during the year is 16.4%. b. The rate of return would have been to an investor who held the same securities as the fund manager during the year is 16.4%.
a. Rate of return of an investor in the fund during the year = Distribution income + Change in NAV/Initial NAV.
= ($1.40+$0.70)/$11.00 = 0.1636 or 16.36% (rounded to 1 decimal place)
Therefore, the rate of return to an investor in the fund during the year is 16.4%.
b. The rate of return to an investor who held the same securities as the fund manager during the year is the same as the rate of return of the closed-end fund because the change in net asset value reflects the performance of the securities held by the fund.
So, the rate of return to an investor who held the same securities as the fund manager during the year is 16.4%.
Learn more about close-end fund here: https://brainly.com/question/29647690
#SPJ11
Tax that is imposed on value added at the various stages of production is known as
The tax that is imposed on value added at the various stages of production is known as a Value Added Tax (VAT).
A Value Added Tax is a consumption tax that is levied on the value added to a product or service at each stage of its production or distribution. It is based on the increase in value that occurs at each step of the supply chain. The VAT is typically calculated by subtracting the input tax (tax paid on purchases of materials, goods, or services) from the output tax (tax collected on sales) and remitting the difference to the tax authorities.
The concept behind a VAT is to collect tax revenue throughout the production and distribution process rather than just at the point of final sale. This ensures that the tax burden is spread across various stages of production and is ultimately borne by the final consumer.
The tax imposed on value added at the various stages of production is known as a Value Added Tax (VAT). This tax system is widely used by many countries as a means of generating revenue and achieving a more equitable distribution of the tax burden.
To know more about VAT, visit
https://brainly.com/question/27665560
#SPJ11
Employee drug and alcohol dependencies are considered to be?
cause for immediate dismissal
a designated group protected by the Employment Equity Act
disabilities covered under the AODA legislation
beyond the point of undue hardship
problems that workers need to address on their own
Employee drug and alcohol dependencies are not considered problems that workers need to address on their own. Instead, they are typically approached as issues that require support, intervention, and appropriate workplace policies. While the specific handling of drug and alcohol dependencies may vary depending on local laws and company policies, they are generally recognized as health concerns that may impact job performance, safety, and overall well-being.
In some cases, drug and alcohol dependencies can be grounds for immediate dismissal, especially if they significantly impair an employee's ability to perform their job duties or pose a risk to themselves, coworkers, or the organization. However, it is important to note that in many jurisdictions, the focus is shifting towards providing assistance, treatment, and support for employees struggling with substance abuse.
Furthermore, employee drug and alcohol dependencies may be considered as disabilities covered under legislation such as the Americans with Disabilities Act (ADA) in the United States or the Human Rights Codes in Canada. These laws protect individuals with disabilities from discrimination and require employers to provide reasonable accommodations, such as rehabilitation programs or modified work arrangements, unless they would cause undue hardship.
Learn more about the legal frameworks and best practices surrounding employee drug and alcohol dependencies, as well as the importance of providing support and accommodations in the workplace here:
brainly.com/question/30739589
#SPJ11
Market Research 1 No Market Research Favorable report issued P(F) =0.60 Unfavorable report issued P(U) = 0.40 Build Complex |F 6 Sell | F Build Complex | U Sell U Build Complex Sell 3 4 5 8 S1 | F S2 | F S1 IU S2 | U S1 S2 0.85 0.15 0.20 0.80 0.6 0.4 Profit Payoff 2650 650 1150 2650 650 1150 2650 650 1150 What is the Expected Value (EV) at node 6? a. 650 b. 2650 c. 3300 d. 2350 e. None of the above What decision should you make at node 4? a. Sell land (D2) because EV(D2|U) > EV(D1|U) b. Build office complex (D1) because EV(D1|U)> EV(D2|U) c. Either is fine, because they both have the same EV d. Cannot tell with the given information e. None of the above What decision do you make at node 1 and why? a. Conduct the market research because EV(market research) > EV(Do not do market research) b. Conduct the market research because EV(market research) < EV(Do not do market research) c. Do not conduct the market research because EV(market research) > EV(Do not do market research) d. Do not conduct the market research because EV(market research) < EV(Do not do market research) e. None of the above
the correct option is d. Do not conduct the market research because EV(market research) < EV(Do not do market research).The solution to the given problem is as follows :
Expected Value (EV) at node 6:In order to calculate the expected value (EV) at node 6, we need to consider the two possibilities - Build Complex (F) and Sell (F).EV(F) = 0.85(2650) + 0.15(650) = 2367.5EV(Sell) = 0.8(1150) + 0.2(650) = 970EV(6) = 0.6(EV(F)) + 0.4(EV(Sell))= 0.6(2367.5) + 0.4(970) = 1672.5≈ 1650Thus, the Expected Value (EV) at node 6 is 1650. Hence, the correct option is a. 650.What decision should be made at node 4?At node 4, two possibilities are there - Build Complex (D1) and Sell land (D2).The expected values at node 4 are given below:EV(D1 | U) = 0.85(2650) + 0.15(650) = 2367.5EV(D2 | U) = 0.8(1150) + 0.2(650) = 970Since the EV(D1|U) > EV(D2|U), we should choose the option Build office complex (D1). Hence, the correct option is b. Build office complex (D1) because EV(D1|U)> EV(D2|U).What decision to make at node 1 and why?At node 1, two possibilities are there - Conduct the market research (D1) and Do not conduct the market research (D2).The expected values at node 1 are given below:EV(D1) = 0.6(2367.5) + 0.4(970) = 1650EV(D2) = 0.6(2650) + 0.4(1150) = 2030As EV(D2) > EV(D1), we should choose the option Do not conduct the market research (D2).
to know more about node, visit
https://brainly.com/question/29608280
#SPJ11
Expected value (EV) at node 6EV(“build complex”|F) = 0.6(2,650) + 0.4(650) = 1,690EV(“sell”|F) = 0.6(1,150) + 0.4(1,150) = 1,150.
The expected value (EV) at node 6 is “Build Complex,” and its expected value is 1,690. Therefore, option (a) is correct.
What decision should you make at node 4?
EV(D2|U) = 0.2(650) + 0.8(1,150) = 990EV(D1|U) = 0.2(2,650) + 0.8(1,150) = 1,570
The expected value of “Build Office Complex” is greater than the expected value of “Sell land” (EV(D1|U) > EV(D2|U))
Therefore, you should “Build Office Complex,” and option (b) is correct.
What decision do you make at node 1?
EV(market research) = 0.6(1,690) + 0.4[(0.85) (1,570) + (0.15) (990)] = 1,345EV
(Do not conduct market research) = 0.6(1,150) + 0.4[(0.85) (1,150) + (0.15) (650)] = 1,086
The expected value of “Conduct the market research” is greater than the expected value of “Do not conduct the market research” (EV(market research) > EV(Do not conduct the market research))
Therefore, you should “Conduct the market research,” and option (a) is correct.
To know more about research, visit:
https://brainly.com/question/30276641
#SPJ11
After looking at the sample professionally developed
resume. what are your thoughts? For example, did the
enrollment in various university studies and courses make sense at
the time they were taken?
The question asks for personal thoughts and opinions regarding a professionally developed resume after analyzing the different university studies and courses taken by the writer.
Acknowledging the writer's strengths, weaknesses and educational history before commenting on the individual's skillset and professional career is vitalr. Explanation:After looking at the sample professionally developed resume, it is evident that the writer has taken significant steps towards improving their academic and professional life. The writer has attended various universities and institutions, such as the University of Maryland and Harvard, to pursue different courses such as Business Administration, Public Relations, and Law.
Enrolling in different university studies and courses makes sense as it gives the writer different perspectives and knowledge to improve their skill set. However, it is essential to analyze the writer's objectives and the relevance of the courses to their career before commenting on the same. It is also essential to consider the different practical skills the writer has learned and implemented from these studies. Overall, the sample professionally developed resume shows the writer has acquired an excellent educational background with relevant courses in their field of interest, which is essential for a successful professional career.
To know more about courses visit:
https://brainly.com/question/31122159
#SPJ11
A loan of R 9850, granted at 9,6% p.a. compounded monthly, is amortised by means of regular equal monthly payments of R250 and a final payment F (F < R250) made one month after the last equal payment of R 250. If the first payment is made one month after the loan is granted, then the final
payment F, (to the nearest cent)
the final payment F would be zero (F = R 0).
To find the final payment F, we need to calculate the remaining balance of the loan after the regular equal monthly payments have been made. The formula to calculate the remaining balance of a loan with regular equal payments is:
Remaining Balance = Loan Amount * (1 + Monthly Interest Rate)^Number of Payments - (Payment Amount / Monthly Interest Rate) * ((1 + Monthly Interest Rate)^Number of Payments - 1)
Given:
Loan Amount = R 9850
Annual Interest Rate = 9.6%
Monthly Interest Rate = Annual Interest Rate / 12
Number of Payments = Total number of regular equal monthly payments + 1 (for the final payment)
Payment Amount = R 250
Let's calculate the remaining balance:
Monthly Interest Rate = 9.6% / 12 = 0.8% = 0.008
Remaining Balance = R 9850 * (1 + 0.008)^25 - (R 250 / 0.008) * ((1 + 0.008)^25 - 1)
Remaining Balance = R 9850 * (1.008)^25 - (R 250 / 0.008) * ((1.008)^25 - 1)
Remaining Balance ≈ R 9850 * 1.2229 - (R 250 / 0.008) * 0.2229
Remaining Balance ≈ R 12012.065 - R 83612.5 * 0.2229
Remaining Balance ≈ R 12012.065 - R 18627.06825
Remaining Balance ≈ R -6615.00325
Since the remaining balance is negative, it means that the loan has been fully paid off after the regular equal monthly payments of R 250. Therefore, the final payment F would be zero (F = R 0).
To learn more about interest rate visit-
https://brainly.com/question/29451175
#SPJ11
I've derived foreign export supply function and home import demand function in world market, but I'm stuck at solving the others. Can I get some detailed step-by-step explanations? Demand and supply in Foreign and Home market are characterized by the following functions, D* = 30 - P*, S* = 2P*, D = 120 - P, and S = P where D, D*, S, and S* represent Home and Foreign demand and supply functions for a product called X, respectively, with P and P* denoting the local price of product X in Home and Foreign market, respectively. Calculate the free trade price of product X, together with the number of product X traded between Foreign and Home market at that free trade price. Free trade price = - # of product X traded Derivation: Now, Home government considers imposing a specific tariff of t (per unit) on imports. Derive the price of X in the world market and the amount of imports as functions of t. The price of X in the world market = The amount of X imports = Derivation:
The cost of X on the international market and the quantity of imports as functions of t with the tariff (t) are 40 + t, and the quantity of imports for good X with the tariff (t) is 40 + t.
The calculation is as follows:
Cost of X on the International Market:
In a free trade situation, the equilibrium between domestic demand (D) and foreign supply (S*) determines the price of good X on the global market. To find the price (P), set the amount given (S*) to the quantity required (D).
The formula is 2P* = 120 - P.
Calculate P as follows: 3P = 120 P = 40
As a result, 40 is the cost of product X on the global market under a free-trade scenario.
Number of X Imports ,functions Subtract domestic supply (S) from demand (D) to determine the amount of imports.
The formula is D - S = D - P.
Put the value of P from step 1 in its place: D - S = D - 40
Streamline: S = 40. Therefore, the amount of imports for product X with the specific tariff (t) is 40 + t.
Learn more about international market, from :
brainly.com/question/31089232
#SPJ4
Cost bank loan Delta Company wishes to borrow Rs 100,000 for 1 year. It must choose one of the following alternatives. a. 9 percent loan on a collect basis, with face value due at end. b. 8.4 percent loan on a discount basis, with face value due at the end. C. 6 percent loan on an add on basis, with equal quarterly payments required on the initial face value. Which alternative has the lowest effective yield, using annual compounding for the first two and quarterly compounding for the last?
Option C has the lowest effective yield among the three alternatives.
How did we arrive at this assertion?To determine the alternative with the lowest effective yield, calculate the effective yields for each of the three options and compare them.
Option a: 9 percent loan on a collect basis, with face value due at the end.
In this case, the loan amount is Rs 100,000, and the interest rate is 9 percent. Since it is a collect basis loan, the interest is paid at the end of the year. Therefore, the total amount repaid at the end of the year would be Rs 100,000 + (9% of 100,000) = Rs 109,000.
Option b: 8.4 percent loan on a discount basis, with face value due at the end.
For a discount basis loan, the interest is deducted upfront, and the borrower receives the net amount. In this case, the loan amount is Rs 100,000, and the interest rate is 8.4 percent. The interest deducted upfront would be (8.4% of 100,000) = Rs 8,400. So, the borrower would receive Rs 100,000 - Rs 8,400 = Rs 91,600. At the end of the year, the borrower must repay the face value, which is Rs 100,000.
Option c: 6 percent loan on an add-on basis, with equal quarterly payments required on the initial face value.
For an add-on basis loan, equal payments are made periodically, and the interest is calculated on the initial face value. In this case, the loan amount is Rs 100,000, and the interest rate is 6 percent. The payments are made quarterly, so there will be 4 quarterly payments. The quarterly payment would be (100,000/4) = Rs 25,000. At the end of the year, the borrower would have made 4 payments of Rs 25,000 each, totaling Rs 100,000.
To calculate the effective yield for each option, find the interest rate that, when compounded annually for the first two options and quarterly for the last option, would result in the amounts mentioned above.
For option a:
Effective yield = (109,000 / 100,000)^(1/1) - 1 = 9%
For option b:
Effective yield = (100,000 / 91,600)^(1/1) - 1 = 8.4%
For option c:
Effective yield = (100,000 / 100,000)^(1/4) - 1 = 0%
Comparing the effective yields, option c, the 6 percent loan on an add-on basis with equal quarterly payments, has the lowest effective yield of 0%. Therefore, option c has the lowest effective yield among the three alternatives.
learn more about effective yields: https://brainly.com/question/16908810
#SPJ1
Suds and Duds Laundry washed and pressed the following number of dress shirts per week WeekWork Crew Total Hours Shirts 1Sud and Dud 24 68 130 152 125 131 2 Sud and Jud 46 3 Sud, Dud, and Jud 62 4 Sud, Dud, and Jud 51 45 Dud and Jud a. For the given information, the labor productivity por hour for each wook is (entor your responses rounded to two decimal places) Week Productivity Per Hour
These values represent the average number of shirts washed and pressed per hour of work for each respective week..we need to divide the total number of shirts washed and pressed by the total number of hours worked.
Week 1:
Total Hours: 68
Total Shirts: 130
Labor Productivity Per Hour = Total Shirts / Total Hours = 130 / 68 = 1.91 shirts per hour
Week 2:
Total Hours: 46
Total Shirts: 152
Labor Productivity Per Hour = Total Shirts / Total Hours = 152 / 46 = 3.30 shirts per hour
Week 3:
Total Hours: 62
Total Shirts: 131
Labor Productivity Per Hour = Total Shirts / Total Hours = 131 / 62 = 2.11 shirts per hour
Week 4:
Total Hours: 51
Total Shirts: 125
Labor Productivity Per Hour = Total Shirts / Total Hours = 125 / 51 = 2.45 shirts per hour
Week 5:
Total Hours: 45
Total Shirts: 131
Labor Productivity Per Hour = Total Shirts / Total Hours = 131 / 45 = 2.91 shirts per hour
Therefore, the labor productivity per hour for each week is as follows:
Week 1: 1.91 shirts per hour
Week 2: 3.30 shirts per hour
Week 3: 2.11 shirts per hour
Week 4: 2.45 shirts per hour
Week 5: 2.91 shirts per hour
To know more about average visit:
https://brainly.com/question/130657
#SPJ11
Matching Statements With Concepts Information. You are given the following lists of statements and concepts Statements Concepts 1. Maximising the wealth of shareholders 2. Has a flexible rate of return and an infinite life 3. The line that plots the expected returns on securities against their betas 4. The situation where the price of a security has impounded all price information and reflects all publicly-available information a. Share b. Securities Market Line c. Capital budgeting d. Semi-strong efficiency e. Corporate objective 5. Process a company uses to select projects from a list of available projects Requirements. Match the concepts with the statements (1 mark each; total 5 marks)
Correct matching of concepts with statements.
1. Maximising the wealth of shareholders - e. Corporate objective
2. Has a flexible rate of return and an infinite life - a. Share
3. The line that plots the expected returns on securities against their betas - b. Securities Market Line
4. The situation where the price of a security has impounded all price information and reflects all publicly-available information - d. Semi-strong efficiency
5. Process a company uses to select projects from a list of available projects - c. Capital budgeting
To know more about Capital Budget visit-
brainly.com/question/23476099
#SPJ11
Which of the following are HR Strategic Management Theories? Human Capital Theory Resourced Based View Behavioural Theory All of the above 1 pts Question 3 Which of the following are HR Strategic Management Theories? Human Capital Theory Resourced Based View Behavioural Theory All of the above 1 pts
Both A) Human Capital Theory and B) Resource-Based View are HR strategic management theories, and they provide different perspectives on managing human resources within organizations.
All of the following are HR strategic management theories: Human Capital Theory, Resource-Based View, and Behavioral Theory.
1. Human Capital Theory: This theory focuses on the value of human capital within an organization. It emphasizes that employees are valuable assets and investments in their development, training, and well-being can lead to improved organizational performance.
Human Capital Theory suggests that organizations should strategically manage their human resources by attracting, developing, and retaining talented individuals to enhance productivity and competitiveness.
2. Resource-Based View: The Resource-Based View (RBV) theory suggests that a firm's competitive advantage lies in its unique and valuable resources and capabilities, including its human resources. In the context of HR strategic management, RBV emphasizes the importance of aligning human resources with the organization's strategic objectives. It highlights the need to develop and deploy HR practices that leverage and enhance the organization's unique human resources to achieve sustainable competitive advantage.
3. Behavioral Theory: The Behavioral Theory in HR strategic management focuses on understanding and influencing employee behavior to improve organizational effectiveness. This theory emphasizes the impact of individual and group behavior on organizational outcomes. It recognizes the importance of aligning HR practices, such as performance management, motivation, and rewards, with desired employee behaviors to achieve strategic objectives.
Taken together, these theories provide valuable insights and frameworks for effectively managing human resources in an organization's strategic planning. They highlight the significance of viewing employees as valuable assets, leveraging unique resources and capabilities, and shaping behavior to drive organizational success. By integrating these theories into HR strategic management practices, organizations can develop strategies that optimize their human resources and enhance their competitive advantage in the marketplace.
for more such question on organization's visit
https://brainly.com/question/25922351
#SPJ8
Note the complete question is:
Which of the following are HR Strategic Management Theories?A) Human Capital Theory B) Resourced Based View Behavioural Theory C) All of the above ?
Note- This is only one question which is repeated two times.The Parnassus Equipment Limited (PEL), a medium-sized operation, has been in business for the past 53 years. The company was launched over 50 years ago with the aim of creating products for use in the farming industry. It managed to open outlets all over the island. Employment by the company was increasing steadily over the years and the wages were good. Many persons sought employment in the company in all areas: production, marketing, administration and sale, to name a few. However, with the rise of globalisation, import deregulation and digitization, the company started to lose many of its former business clients. The farming equipment industry was hard hit by cheap imports and many of them started closing down. The last damaging blow came when the international financial recession hit in 2008. Financing grew difficult and interest on debt became prohibitive. PEL tried to diversify but it was too little and too late. In the year 2016, Computer & AI Limited approached PEL with an offer to purchase the assets of the company. The offer was a good offer which PEL believed would be a dereliction of duty if management should let such an offer go by. They were, however concerned about the welfare of their workers some of whom were at the company for over twenty-five years. Take for example Merdella Boganvilla, she has been with the company for 30 years. PEL tried to incorporate the future of their workers, all of whom work under a contract of service, in their negotiations with Computer & AI Limited. However, given the nature of Computer & AI business, most of PEL workers would be ill-equipped for their workforce. Computer & AI stated that they would be willing to consider about 10 % of Clarendon’s workforce but only on a contract for service basis. PEL is now considering a termination package for its workforce and seeks your advice as an industrial relations specialist on the following matters.
The Parnassus Equipment Limited (PEL) has been in business for 53 years and was launched with the goal of creating farming products. The company established outlets all over the island and provided good wages. The farming equipment sector was negatively impacted by globalisation, deregulation of imports, and digitisation.
Many companies closed down as a result of the resulting loss of clients. The 2008 recession caused financing to become difficult, and debt interest grew too expensive. PEL attempted to diversify but it was too late. In 2016, Computer & AI Limited offered to buy PEL's assets. PEL accepted the offer but was concerned about the well-being of their workforce, many of whom had been with the company for over 25 years. Computer & AI agreed to accept approximately 10% of the Clarendon workforce but only on a contract for service basis.The following advice can be given to PEL regarding their workers:In light of the termination package proposal that PEL is contemplating, it is critical to consult with employees as soon as feasible. Since their livelihoods are being threatened, they must have an opportunity to have their say and make proposals. The staff has a right to be represented in discussions with management concerning redundancy. They may establish a worker representative or consult with an already established union. The Workers' Compensation Act and the Minimum Wage Act regulate compensation and severance packages for employees. PEL may be obligated to pay employees severance pay under the Compensation for Redundancy Act. They may, however, offer a more substantial redundancy compensation package to keep the employees content. If PEL has the financial means, they may want to give their workers an extended notice period to assist them in finding new jobs. PEL may be able to collaborate with other employers to assist employees in finding work in a related field. It is also vital to ensure that they receive references, that any entitlements are received in a timely manner, and that they are given any necessary training that will assist them in finding new employment.
To know more about Equipment visit;
brainly.com/question/2826960
#SPJ11
Fama's Llamas has a weighted average cost of capital of 12 percent. The company's cost of equity is 17.5 percent, and its pretax cost of debt is 7.5 percent. The tax rate is 31 percent. What is the company's target debt-equity ratio? Multiple Choice a 0.7656 b 0.8059 c 1.2222 d 0.8462 e 0.8381
The company's target debt-equity ratio is approximately 1.2395. The closest answer choice is c) 1.2222.
The weighted average cost of capital (WACC) is calculated as the weighted average of the cost of equity and the after-tax cost of debt. The weights are based on the proportion of equity and debt in the company's capital structure.
Given:
Cost of Equity = 17.5%
Pretax Cost of Debt = 7.5%
Tax Rate = 31%
To find the target debt-equity ratio, we can use the formula:
WACC = (Equity / Total Capital) * Cost of Equity + (Debt / Total Capital) * After-tax Cost of Debt
Let's assume the target debt-equity ratio is represented by "D/E". Since we know that "E + D = Total Capital", we can rewrite the formula as:
WACC = (E / (E + D)) * Cost of Equity + (D / (E + D)) * After-tax Cost of Debt
We substitute the given values into the formula and solve for the target debt-equity ratio:
12% = (E / (E + D)) * 17.5% + (D / (E + D)) * (7.5% * (1 - 0.31))
12% = (E / (E + D)) * 17.5% + (D / (E + D)) * 5.175%
Multiplying through by (E + D) to eliminate the denominators:
0.12 * (E + D) = 0.175E + 0.05175D
0.12E + 0.12D = 0.175E + 0.05175D
0.06825D = 0.055E
D/E = E/D = 0.06825 / 0.055 ≈ 1.2395
Therefore, the company's target debt-equity ratio is approximately 1.2395. The closest answer choice is c) 1.2222.
Learn more about weighted average cost of capital here:
brainly.com/question/30746642
#SPJ11
In this project, you will demonstrate your mastery of the
following competencies:
Recommend operations management methods and techniques to
increase value for customers
Evaluate how operations manage
1. Operations management methods and techniques to increase value for customers include quality management such as Six Sigma and process improvement such as Lean and Kaizen.
2. Operations management generates value for an organization by improving efficiency, reducing costs, improving quality, and increasing customer satisfaction.
Operations management is a significant component of most organizations, especially in manufacturing businesses. It involves coordinating the resources required to produce and distribute products or services, like workforce, materials, and equipment. Effective operations management is essential to meet customer demands, minimize production costs, increase revenue, and overall, improve the competitiveness of the organization.
1. There are various operations management methods and techniques that organizations can use to improve customer value. One such method is quality management, which refers to systematic measures that help to minimize defects and increase customer satisfaction. Techniques like Six Sigma can help to identify and reduce sources of variability in a process, which improves product quality.
Another method is process improvement, which involves redesigning and streamlining existing processes to make them more efficient and reduce lead times. Techniques such as Lean and Kaizen can help to identify inefficiencies and waste in a process, which can then be eliminated to increase customer value.
2. Organizations use operations management to generate value in various ways. One way is by improving product quality, which leads to greater customer satisfaction and repeat business. Operations management can also help to reduce production costs, which can improve the profitability of an organization. By reducing lead times, organizations can improve their responsiveness to customer needs and gain a competitive advantage. Operations management can also help to improve the safety of products and processes, which can reduce the risk of accidents and legal liability.
Note: The question is incomplete. The complete question probably is: In this project, you will demonstrate your mastery of the following competencies: 1. Recommend operations management methods and techniques to increase value for customers. 2. Evaluate how operations management generates value for an organization.
Learn more about Operations management:
https://brainly.com/question/28623776
#SPJ11
Anna just deposited $1,000 in her savings account. The current required reserve at her bank is 5% 0.05). Anna's deposit expands the credit market by: $8,000 $20.000 $16,000 $5,000 O $2,000
Anna's
deposit
expands the credit market by $20,000.
To determine the expansion of the credit
market
due to Anna's deposit, we need to calculate the money multiplier. The money multiplier is the reciprocal of the reserve requirement.
Given that the
reserve
requirement is 5% (0.05), the money multiplier is calculated as:
Money Multiplier = 1 / Reserve Requirement = 1 / 0.05 = 20
Now we can calculate the expansion of the credit market by multiplying Anna's deposit by the
money
multiplier:
Expansion of Credit Market = Anna's Deposit *
Money Multiplier = $1,000 *
= $20,000
Therefore, Anna's deposit expands the
credit
market by $20,000.
To know about
deposit
visit:
https://brainly.com/question/1438257
#SPJ11
a) What is Excess Cash? If the only imperfection is the corporate tax advantage of debt, would you recommend a company to hold excess cash? If there are other imperfections, would you recommend a company to hold excess cash? What types of company hold more excess cash? Explain your answer.
Excess cash is the additional cash balance held by the company beyond its financing requirements. Holding excess cash provides some benefits and costs. If the only imperfection is the corporate tax advantage of debt, holding excess cash is not recommended for a company.
Excess cash refers to the cash balance that exceeds the financial needs of a company. Holding excess cash has both benefits and costs. It provides the company with liquidity, operational flexibility, and a cushion against negative shocks. However, it also exposes the company to opportunity costs, agency costs, and other risks. If the only imperfection is the corporate tax advantage of debt, holding excess cash is not recommended for a company. The tax benefit of debt favors issuing more debt and reducing cash balances. If there are other imperfections, such as bankruptcy costs, asymmetric information, or agency costs, holding excess cash is recommended. These imperfections create costs for external financing and investment decisions. Holding excess cash mitigates these costs.
The types of companies that hold more excess cash are those with greater growth opportunities, higher uncertainty, more cash flow volatility, and fewer investment opportunities. Companies with high growth opportunities tend to hold more cash to finance future investments and acquisitions. Companies in volatile industries hold more cash to buffer against cyclical fluctuations and riskier projects. Companies with fewer investment opportunities hold more cash because they have fewer profitable projects to invest in and more idle resources to finance. Finally, companies with information asymmetry hold more cash to signal their quality and reduce agency costs.
Know more about excess cash, here:
https://brainly.com/question/32532737
#SPJ11
Essence of Skunk Fragrances, Limited, sells 4,000 units of its perfume collection each year at a price per unit of $400. All sales are on credit with terms of 3/10, net 30. The discount is taken by 60 percent of the customers. What is the amount of the company's accounts receivable?
Multiple Choice
$74,958.90
$43,835.62
$82,849.32
$52,602.74
$78,904.11
To calculate the amount of the company's accounts receivable, we need to consider the portion of customers who take the discount and the portion who pay the full amount.
Let's break down the calculation step by step:
Total sales: 4,000 units * $400 per unit = $1,600,000
Portion of customers taking the discount: 60% of 4,000 units = 2,400 units
Sales to customers taking the discount: 2,400 units * $400 per unit = $960,000
Portion of customers not taking the discount: 40% of 4,000 units = 1,600 units
Sales to customers not taking the discount: 1,600 units * $400 per unit = $640,000
Amount of discount taken: 2,400 units * (3% * $400 per unit) = $2,880
Amount of accounts receivable from customers taking the discount: $960,000 - $2,880 = $957,120
Amount of accounts receivable from customers not taking the discount: $640,000
Total accounts receivable: $957,120 + $640,000 = $1,597,120
Therefore, the amount of the company's accounts receivable is $1,597,120.
None of the provided options matches this result, so none of them is the correct answer.
To know more about customers, click here https://brainly.com/question/31192428
#SPJ11
A $1,000 par value bond was issued 5 years ago at an 8% coupon rate. It currently has 7 years remaining to maturity. Interest rates on similar debt obligations are now 10%.
a)Compute the current price of the bond using an assumption of semi-annual payments.
b)If you initially bought the bond at par value, what is your percentage capital gain or loss?
c)Now assume you buy the bond at its current market value and hold it to maturity, what will be your percentage capital gain or loss?
d)Why is the percentage gain larger than the percentage loss when the same dollar amounts are involved in parts b and c?
a) The current price of the bond is approximately $846.71.
b) The percentage capital loss is approximately 15.33%.
c) The percentage capital gain or loss when holding the bond to maturity is 0%.
d) The percentage gain is larger than the percentage loss due to the difference in the initial investment amount.
a) To compute the current price of the bond, we need to calculate the present value of the bond's future cash flows. The bond has a $1,000 par value, an 8% coupon rate, and semi-annual payments. With 7 years remaining to maturity, there will be 14 semi-annual periods.
The semi-annual coupon payment is $1,000 * 8% / 2 = $40.
The discount rate is 10% / 2 = 5% per semi-annual period.
Using the present value formula for an annuity, the bond's price can be calculated as follows:
[tex]Price = ($40 / 0.05) * (1 - (1 / (1 + 0.05)^{14})) + $1,000 / (1 + 0.05)^{14}[/tex]
= $846.71
b) If the bond was initially bought at par value ($1,000) and is now priced at $846.71, the capital loss percentage can be calculated as follows:
Capital Loss = (Par Value - Current Price) / Par Value
= ($1,000 - $846.71) / $1,000
= 15.33%
c) If the bond is bought at its current market value ($846.71) and held to maturity, there will be no capital gain or loss. The percentage capital gain or loss in this case would be 0%.
d) The percentage gain is larger than the percentage loss because the initial investment amount is the same in both cases ($1,000). However, when calculating the percentage gain or loss, we divide by the initial investment amount. As the bond's price decreases from $1,000 to $846.71, the percentage loss is calculated based on the higher initial investment. Conversely, when the bond is bought at a lower price of $846.71, the percentage gain is calculated based on the lower initial investment. This difference in the initial investment amount leads to a larger percentage gain compared to the percentage loss.
To learn more about price follow the link:
https://brainly.com/question/20703640
#SPJ4
Assume the CAPM (Capital Asset Pricing Model) holds. The risk-free rate is 7 percent. The expected market rate of return is 15 percent. If you expect a stock with a beta of 1.3 to offer a rate of return of 15 percent, you should: sell the stock because it is underpriced buy the stock because it is under-priced buy the stock because it is overpriced sell the stock because it is overpriced I do not want to answer this question none of the options, as the stock is fairly priced
Given that the CAPM (Capital Asset Pricing Model) holds, the risk-free rate is 7 percent, and the expected market rate of return is 15 percent. We have a stock with a beta of 1.3, and you expect it to offer a rate of return of 15 percent.If you expect a stock with a beta of 1.
3 to offer a rate of return of 15 percent, you should: buy the stock because it is under-priced.How to determine the expected return using the CAPM formula?The expected return using the CAPM formula is given by;Expected Return= Rf + β × (Market return - Rf)where;Rf = Risk-free rateβ = BetaMarket return = Expected market rate of returnUsing the information provided.
we can calculate the expected return on the stock with a beta of 1.3 as follows:Expected Return= 7% + 1.3 × (15% - 7%)= 7% + 1.3 × 8%= 7% + 10.4% = 17.4%The expected return on the stock with a beta of 1.3 is 17.4%.Since you expect a stock with a beta of 1.3 to offer a rate of return of 15 percent, the stock is under-priced. Therefore, you should buy the stock because it is under-priced.
To know more about percent visit:
https://brainly.com/question/28670903
#SPJ11
The Lorean Group, an international holding company, recently acquired a controlling interest in Tiger Advertising. This advertising agency, which employees 6,644 people worldwide, has been successful since its inception in 1964. Revenues over the past four years have been flat, however, and costs of running the business have been climbing steadily. Tiger was acquired in spite of this recent decline in profits because of its reputation in the industry and its extended list of loyal clients. Lorean has a history of turning around troubled acquisitions, and the belief is that Tiger can be saved as well. The Lorean Group intends to let Tiger operate independently, though it seeks to understand the causes of the recent poor performance of the company. The Lorean Group recognizes that, although poor firm performance could be attributed to isolated incidents, most often there are systematic problems that require changes in practices and policies. You’re a management analyst from Lorean, and your boss has given you the responsibility of analyzing the situation at Tiger and offering recommendations that will improve the firm’s financial performance and its long-term prospects. You travel to Tiger’s corporate headquarters and plan to spend four days meeting with people to gather information that will inform your recommendations. Your first meeting with the Tiger top management team went fairly well. The first thing that struck you was this: Although the team members are quite different from each other in obvious ways, beneath the surface there is remarkable similarity.
The Tiger top management team members may have visible differences, but they exhibit remarkable similarity beneath the surface.
During the initial meeting with the Tiger top management team, it becomes evident that despite their apparent differences, there is a notable similarity among the team members when observed closely.
The statement suggests that while the team members may differ in visible aspects such as their backgrounds, experiences, and personalities, there are underlying similarities that connect them. These similarities could pertain to their management styles, decision-making approaches, or shared values and beliefs.
The observation of remarkable similarity among the team members implies that there may be a prevailing organizational culture or set of management practices that have influenced the team's dynamics and functioning. This commonality could potentially contribute to the recent decline in profits and the steady rise in costs at Tiger Advertising.
As a management analyst from the Lorean Group, this observation is valuable because it provides a starting point for understanding the underlying issues affecting Tiger's performance. By recognizing the shared characteristics or practices within the top management team, further analysis can be conducted to identify potential systemic problems and areas for improvement.
To offer recommendations that will enhance Tiger's financial performance and long-term prospects, the management analyst will need to delve deeper into the specific practices, policies, and organizational culture at Tiger. This information-gathering process will involve conducting further meetings, interviews, and data analysis to uncover the root causes of the recent decline in profits and rising costs.
The ultimate goal will be to identify areas for strategic changes, whether in practices, policies, leadership, or organizational structure, that can address the identified issues and contribute to the turnaround of Tiger Advertising under the management of the Lorean Group.
To know more about management team visit:
https://brainly.com/question/5339646
#SPJ11
How are Private Procurement Partnership (PPP). contracts
managed?
Private Procurement Partnerships (PPP) contracts are typically managed through a collaborative approach between the public and private sector entities involved in the project.
The management of PPP contracts involves several key activities to ensure successful implementation and operation of the project.
Contract Monitoring: A dedicated team is responsible for monitoring the performance of the private partner in delivering the agreed-upon services and meeting the contractual obligations. This includes regular performance reviews, site visits, and data analysis to assess compliance and address any issues or discrepancies.
Performance Management: Performance indicators and benchmarks are established to measure the performance of the private partner against agreed-upon targets. This allows for the evaluation of the partner's performance and enables corrective actions or incentives to be implemented as needed.
Risk Management: PPP contracts involve a range of risks, including financial, operational, and legal risks. Effective risk management strategies are employed to identify, assess, mitigate, and monitor these risks throughout the contract duration.
Stakeholder Engagement: Engaging relevant stakeholders, including government agencies, project users, and the general public, is crucial for the successful management of PPP contracts. Regular communication and consultation foster transparency, address concerns, and ensure the project aligns with stakeholder expectations.
Dispute Resolution: PPP contracts often include mechanisms for resolving disputes between the public and private partners. These mechanisms may involve negotiation, mediation, or arbitration to reach mutually acceptable resolutions.
Contract Amendments and Renegotiations: Over the course of a PPP contract, changes in circumstances or project requirements may necessitate contract amendments or renegotiations. This requires careful assessment and negotiation to ensure the contract remains aligned with the evolving needs and objectives.
Effective management of PPP contracts relies on clear contractual agreements, robust monitoring systems, stakeholder collaboration, and proactive risk management. The aim is to achieve value for money, maintain service quality, and ensure the successful delivery of public infrastructure or services through the partnership between the public and private sectors.
Learn more about Procurement here
https://brainly.com/question/21011661
#SPJ11
Arbitration is the final step in resolving problems in a grievance.
How is the arbitrator chosen?
What are the qualifications of the arbitrator?
Is it legal for a labor dispute to go to a court in the legal system and have the issue heard by a judge? Why or why not?
What can the arbitrator do that a mediator cannot?
How can arbitration be avoided?
Can the opinion of the arbitrator be appealed?
Arbitration is the final step in resolving problems in a grievance, which is done through an arbitrator, chosen with the consent of both parties. Arbitration, an alternative dispute resolution method to trial, has certain unique features and advantages. An arbitrator is chosen by the two parties involved in the dispute.
It is common for parties to select a single arbitrator who will determine the outcome of the case. The qualifications of the arbitrator must be: both parties involved must agree on the selection of the arbitrator. Most arbitrators have experience in law, industry, or unions. Labor disputes cannot go to court in the legal system and have the issue heard by a judge, as labor law and regulations provide an alternative to litigation. The National Labor Relations Board (NLRB) can adjudicate grievances between workers and employers, while collective bargaining agreements usually include grievance and arbitration procedures. An arbitrator is empowered to make a binding decision to resolve the dispute between the parties, whereas a mediator merely facilitates discussions between the parties to reach an agreement.
Arbitration can be avoided in several ways, such as through negotiation and agreement by the parties involved in the dispute, prior to reaching the arbitration stage. The opinion of the arbitrator cannot be appealed unless there is evidence of bias or that the arbitrator exceeded their powers.
To know more about Arbitration visit:-
https://brainly.com/question/24847253
#SPJ11