in 1997, two south korean manufacturers of semiconductors, lg semicon and hyundai electronics, were accused of selling dynamic random access memory chips (drams) in the u.s. market at below their costs of production. it was alleged that the firms were trying to unload their excess production in the united states. this is an example of:
Answers
This is an example of "Dumping," which occurs when a country or company sells goods in a foreign market at prices lower than their domestic market or cost of production.
What is Dumping?
Dumping refers to a process whereby a country or a business entity sells its products in foreign countries at a lower price than the domestic market's price. The countries or companies dump their excess production in foreign markets as they have an abundance of supply of the products and want to get rid of them.
When a company sells a product in foreign markets at a lower price than the domestic market, it makes it difficult for domestic manufacturers to compete. As a result, this can harm local industries and cause economic instability. To prevent dumping, many countries have put in place anti-dumping laws to protect their domestic industries.
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Related Questions
Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?
Group of answer choices
A tax break
A reduced time in debt
A higher loan rate
A less secure loan
Answers
Answer:
A reduced time in debt
Explanation:
Gina intends to purchase that motorbike on credit. By making a down-payment, Gina is reducing the amount she needs to borrow to buy the bike.
A reduced loan amount means that Gina will require less to repay. It also implies that the interest to be paid will reduce. Making the down-payment helps Gina stay in debt for a short period.
the relationship a company seeks with its customers is different from the one it seeks with its suppliers. TRUE or FALSE
Answers
True. The relationship a company seeks with its customers is different from the one it seeks with its suppliers.
The relationship a company seeks with its customers is different from the one it seeks with its suppliers.
The relationship with customers typically focuses on building loyalty, trust, and satisfaction to encourage repeat business, positive word-of-mouth, and long-term customer relationships. Companies often strive to understand and meet customer needs, provide excellent customer service, and develop personalized experiences to enhance the customer-company relationship.
On the other hand, the relationship with suppliers is primarily transactional and centered around the procurement of goods or services. Companies aim to establish reliable and mutually beneficial relationships with suppliers to ensure the timely delivery of quality products, negotiate favorable terms, and manage the supply chain effectively.
While both customer and supplier relationships are important for a company's success, the nature and objectives of these relationships differ due to the distinct roles and dynamics involved.
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Word of mouth promotion is also known as what?
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Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
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the year the volleyball was introduced
Answers
Answer:
The Year was 1895
Hope that helps!
Current liabilities include ______. Multiple select question. accounts payable wages payable interest receivable 5 year bonds due in 2 years 10 years bonds due in 5 months
Answers
Current liabilities include current liabilities and 10 years bonds due in 5 months.
What are current liabilities?Current liabilities are obligations that a company owes other entities. This obligations would be paid withing a year.
Current liabilities include:
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A company factored $45,000 of its accounts receivable and was charged a 4actoring fee. the journal entry to record this transaction would include a?
Answers
When a company factored $45,000 of its accounts receivable and was charged a 4% factoring fee. The journal entry to record this transaction would include.
Account Debit Credit
Cash $43,200
Factoring fees $1,800
Accounts receivable $45,000
Thus, here the factoring fee is equivalent to 4% of total accounts receivable which is calculated as= $45,000 x 4% or $1,800.
Cash received is equivalent to total accounts receivable less factoring fee of $1,800, hence cash received = $45,000 - $1,800 = $43,200.
Hence, the journal entry to record this transaction would include a debit to cash of $43,650, a debit to factoring fee Expense of $1,350, and credit to account receivable of $45,000.
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What are the potential financial and non-financial costs to a small business owner for not behaving ethically?
Answers
Answer:
Explanation:
Financial Costs: suppliers may no longer ship product to your company if they believe you are acting in ways that damage their business. Non-Financial Costs: bad reputation among suppliers and customers.
Catherine has been managing her company for a couple of years. She now plans to expand her business by bringing in fresh funding through a new stock issue. She would like to inform her investors about this development. What would Catherine use to inform investors about this development in her company?
Catherine would use to inform investors about the development in her company.
Answers
Answer:
Newsletter on website and social media platforms. Email to investorsExplanation:
In order to reach as many of her investors as possible, Catherine can write up a news update or newsletter explaining the change to her investors and then post it on the company website. She should also post it to their social media platforms as an increasing number of people check these as opposed to websites.
In the event that her investors are not public but rather private, Catherine would have would have their contact details such as email. She can therefore send the update to their email addresses. This will increase the chances of the investors seeing it.
Answer: Direct mail
Explanation: Direct mail enables an advertiser to reach target customers through mail, thereby making it a selective and specific medium. Media vehicles in direct mail include manuals, booklets, catalogues, newsletters, invitations, posters, coupons, and charts. To send out mailers, however, an advertiser needs to have an updated list of target contacts. Direct mail is a cheap advertising medium, and its advantage is that mailers can contain a lot of information. It also includes a feedback option in the form of reply cards to prompt customers to respond.
According to the following table, which of these factors affects your credit
score the least?
Percent affects score
Max # of points
2973
Factor
wwarded
Payment history
Amount owed
Length of credit
history
New credit
Types of credit
30%
15%
1275
10%
10%
85
85
Answers
Answer: New credit
Explanation:
According to the following table, new credit, of these factors affects your credit score the least. Therefore, option (a) is correct.
What is credit score?Based on a thorough examination of a person's credit files, a credit score is a numerical representation that reflects their creditworthiness. Credit scores are determined by statistically analyzing a person's financial history, which includes their payment history, credit utilization, duration of credit history, categories of credit utilized, and most recent credit queries.
A person who has applied for new credit is said to have credit lines or loans that they did not previously have. One component of a person's credit report, it impacts whether their credit score will increase or decrease. Because it adds a hard query to their credit report, applying for new credit can temporarily lower a person's credit score.
As a result, the significance of the these factors impacts credit score the least are the aforementioned. Therefore, option (a) is correct.
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as it relates to a business combination transaction, a statutory merger is a(n) group of answer choices acquisition of a supplier. business combination in which both companies continue to exist after the business combination transaction is completed. acquisition of a competitor. business combination transaction in which only one of the two companies involved continues to exist as a legal corporation after the transactions occurs
Answers
A statutory merger is a(n) business combination transaction in which only one of the two companies involved continues to exist as a legal corporation after the transactions occurs. So, correct option is D.
In a business combination transaction, a statutory merger is a type of transaction in which two companies combine to form a new entity, with one of the companies typically being absorbed into the other. In a statutory merger, the acquiring company survives and the target company ceases to exist as a separate legal entity.
Statutory mergers are often used in situations where one company wants to acquire another company's assets, liabilities, and operations. The acquiring company typically pays a premium for the target company's shares, and the shareholders of the target company receive shares in the acquiring company in exchange for their ownership interest.
This type of transaction can provide several benefits, including the ability to combine resources and achieve economies of scale. Additionally, it can provide a quicker and more efficient way for a company to enter new markets, expand its product offerings, or achieve other strategic objectives.
So, correct option is D.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Explain the following terms with relevant examples wherever applicable:
Advance Deposits.
Confirmation.
Convention and Visitor Bureaus.
Guest History Databases.
IT Package.
Late Arrival.
Answers
1. Advance Deposits - Payments made by customers in advance
2. Confirmation - Verifying or validating certain information
3. Convention and Visitor Bureaus - Promote and market a specific destination
4. Guest History Databases - Store comprehensive information about guests
5. IT Package - Bundle of software applications, tools, or systems
6. Late Arrival - Guest does not arrive at a scheduled time
1. Advance Deposits:Advance deposits refer to payments made by customers or clients in advance of receiving goods or services. It is a common practice in industries such as hospitality, travel, and event planning. Customers typically make these deposits to secure a reservation or booking.
Example: A hotel may require guests to make an advance deposit equal to one night's stay when making a reservation. This ensures that the guest has a confirmed booking and guarantees their room will be available upon arrival.
2. Confirmation:Confirmation in the context of business transactions refers to the process of verifying or validating certain information or details. It ensures that both parties involved have a mutual understanding of the terms, conditions, or arrangements.
Example: After making an online purchase, a customer may receive an email confirmation that includes details of the order, such as the items purchased, the total amount paid, and the expected delivery date.
3. Convention and Visitor Bureaus:Convention and Visitor Bureaus (CVBs) are organizations or entities that promote and market a specific destination or location to attract visitors, tourists, and business travelers. CVBs provide information, resources, and support to individuals and groups planning trips, conferences, or events in their respective regions.
Example: The New York City Convention and Visitors Bureau (NYC & Company) is responsible for marketing and promoting New York City as a premier travel destination. They provide visitors with information on accommodations, attractions, events, and transportation to encourage tourism in the city.
4. Guest History Databases:Guest history databases are electronic repositories that store comprehensive information about guests or customers who have previously engaged with a business or establishment. These databases capture details such as contact information, preferences, past purchases, and interactions.
Example: A luxury resort maintains a guest history database that includes information about each guest's previous stays, room preferences, dietary restrictions, and special occasions celebrated during their visits.
5. IT Package:An IT (Information Technology) package refers to a collection or bundle of software applications, tools, or systems provided to meet specific technological needs within an organization. IT packages are designed to enhance productivity, streamline operations, and facilitate communication and collaboration.
Example: An IT package for a small business might include software for accounting, customer relationship management (CRM), inventory management, and communication tools such as email and video conferencing.
6. Late Arrival:Late arrival refers to the situation when a customer or guest does not arrive at a scheduled time or arrives after the expected arrival time. In industries such as hospitality or travel, late arrivals can impact reservations, services, or scheduled activities.
Example: A restaurant may have a policy stating that if a customer arrives more than 15 minutes late for their reservation, the table may be given to another waiting customer.
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Which situations best demonstrate likely tasks for Business Financial Management workers? Check all that apply.
Marcy helps a family create a budget that allows them to save up for buying a house.
Caleb researches possible cases of fraud and takes notes on what he finds out.
Selena processes customer transactions at a bank.
Jung creates a report with charts to show how a company's money is being spent.
Owen sells automobile insurance policies to people.
Alonzo advises companies about investment strategies.
Answers
Answer:
its
b, the caleb one
d, the jung one
d, the Alonzo one
Caleb investigates potential fraud situations and makes notes on his findings. In order to show how a company's money is being spent, Jung develops a report using charts. show potential tasks for those working in business financial management. Thus option (B, C) is correct.
What is management?In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management. Furthermore, the capacity to organize, supervise, and guide people is a component of management.
Managing telephone costs, employing new employees, purchasing facilities, creating project budgets, etc. are a few examples of financial management for a corporation or firm. financial administration
Therefore, Thus, option (C) is correct.
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If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.
Answers
Explanation:
For a company to remain profitable and competitive in the market, it must build a solid and positive positioning that guarantees itself and its stakeholders reliability and competence.
For this, some practices must be adopted in all its internal and external processes. Can be:
Compliance with local legislation. Development of policies that promote ethical behavior .Development of social programs .Environmental management focused on minimizing environmental impacts. Transparency in accounting results.The company must institute social and environmental policies and practices since its strategic planning, as currently at a level of global competitiveness, companies are responsible for developing corporate governance with a focus on helping to promote good practices that assist in the development of society and preserving the environment. Having positive values builds a positioning that increases the reliability of the company's processes and ensures the continuous improvement of the processes, the reduction of waste, the attraction of investors, etc.
severely affecting the health of miners, workers and surrounding communities.
Answers
Mining operations can have detrimental effects on the well-being of miners, workers, and communities living in close proximity.
The process of mining can result in environmental contamination through the release of harmful substances such as heavy metals and chemicals, which can contaminate water sources and pose health risks to nearby communities. Additionally, the dust, noise, and vibrations produced during mining activities can lead to respiratory issues, hearing loss, and other health complications for both workers and residents in the vicinity. Furthermore, the use of heavy machinery and explosives increases the potential for accidents and injuries among workers and nearby communities. To mitigate these risks and safeguard human health and the environment, it is imperative to enforce stringent regulations and implement robust safety measures in mining operations.As a result, implementing stringent regulations and safety protocols becomes imperative in order to mitigate these risks effectively and safeguard the well-being of individuals and the environment.
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The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that fcf is so important in finance. True or false?.
Answers
This is true that The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that FCF is so important in finance.
The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another; Operating activities, investment activities, and financing activities make up the three categories of cash flows. Cash-related net income activities are included in operating activities.
The quantity of money coming into and going out of your business over a specific time period is known as cash flow. Because it allows you to both satisfy your current financial responsibilities and make plans for the future, cash flow is crucial.
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Managers who possess strong __________ impact the business by helping organizations to attract and retain high-performing employees.
Answers
Manager who has strong interpersonal skills impact the business positively and helping organizations to attract and retain high-performing employees
Managers who possess strong interpersonal skills and intuition impact the business by helping organizations to attract and retain high-performing employees. It is very important for any business or organization to attract and retain high-performing employees. A manager of any business organization is responsible to lead employees and the company's operations. Managers should ensure that the company must remain productive.
Manager must have strong interpersonal skills like communication, conflict management, motivation, etc. Managers must communicate with the employees effectively, solve disputes among them and motivate them when required. Intuition is an instinct or sixth sense. Managers with strong intuition are also helpful in retaining and attracting employees. Therefore intuition and interpersonal skills are important skills for managers to retain and attract high-performing employees.
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Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?
Answers
Answer:
200 i think sorry if im wrong
Explanation:
the techniques that this pizza business is using makes one believe that they are trying to multiple choice attract old customers. be the low-cost leader. focus on only one type of person. operate efficiently. differentiate their product.
Answers
Answer:
The given statement describes the techniques of a pizza business and asks which technique they are using to attract old customers. Based on the options provided, the most appropriate answer is "differentiate their product."
Explanation:
Out of the given options, "differentiate their product" is the most relevant technique used by the pizza business to attract old customers. By differentiating their product, the pizza business can stand out from its competitors and offer something unique that old customers will remember and appreciate. This can help the business to retain old customers and attract new ones who are interested in the unique offerings. The other options, such as "be the low-cost leader" or "focus on only one type of person," may attract new customers, but they do not necessarily focus on retaining old customers. Operating efficiently may help the business reduce costs, but it does not necessarily target old customers specifically.
On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Using this information, what are the FY 2017 balances in Alpha Company's account balances for: a. Investment in Bravo-Zulu b. Investment Income
Answers
Answer:
a) $253,750
b) $6,250
Explanation:
Alpha company purchased shares in Bravo-Zulu company for $250,000
This represents 25% of the equity of Bravo-Zulu company.
In 2017, Bravo-Zulu Company Net Income = $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders.
The FY 2017 balances in Alpha Company's account balances are:
a) For investment in Bravo-Zulu
= $250,000 + net income - share in dividend.
= $250,000 + ($25,000 * 25%) - ($10,000 * 25%)
= $250,000 + $6,250 - $2,500
= $253,750
b) For investment income
= $25,000 * 25%
= $6,250
match the type of retail store location with its correct description. central business district central business district drop zone empty. regional shopping center regional shopping center drop zone empty. community shopping center community shopping center drop zone empty. strip mall strip mall drop zone empty. power center power center drop zone empty. clusters of stores located in neighborhoods to serve people who are within a 5- to 10-minute drive serve customers who are within a 10- to-20-minute drive; contain one primary store and 20 to 40 smaller outlets huge shopping strip with multiple anchor stores and a supermarket the oldest type of retail setting; a community's downtown area large shopping areas of 50 to 150 stores that contain two or three anchor stores
Answers
A power center consists of a huge shopping strip with multiple anchor stores and a supermarket.
The terms "power center" and "big-box center" refer to shopping centers with an average gross leasable area of 250,000 to 600,000 square feet (23,000 to 56,000 m2), three or more big box anchor tenants, and a variety of smaller retailers. The anchor tenants typically occupy 75–90% of the center’s space.
As the first power center in history, 280 Metro Centre in Colman, California is credited.
Merritt Sher, a local real estate developer, opened the 280 Metro Centre in 1986 as an outdoor strip mall with big-box retailers and category killers as its main tenants.
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Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
sales are budgeted at $270,000 for november, $250,000 for december, and $240,000 for january.
collections are expected to be 50% in the month of sale and 50% in the month following the sale.
the cost of goods sold is 75% of sales.
the company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase.
other monthly expenses to be paid in cash are $23,300.
monthly depreciation is $14,300.
ignore taxes.
Answers
Using the subtraction operator, the difference between cash receipt and cash disbursement for December would be $67,400
Cash Receipts for December :
$(440,000 × 0.45) + $($460,000 × 0.55)
$198000 + $253000
= $451,000
Cash Disbursement for December :
Purchases + Other monthly expenses
($460,000 × 0.80) + ($440,000 × 0.80 × 0.60) - ($460,000 × 0.80 × 0.60) + $25200
= $383,600
Difference = Cash receipt - Cash disbursement
Difference = $451,000 - $383,600
= $64,700
Hence, difference in receipt and disbursement on December is $64,700
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why was the world trade organization established? multiple choice to preserve peace through international cooperation to promote economic development to formulate a coordinated policy response to financial crises to maintain order in the international monetary system to police the international trading system
Answers
The world trade organization was founded (D) to regulate the global trading system.
What is the world trade organization?An intergovernmental agency called the World Trade Body regulates and promotes international trade.
Governments effectively collaborate within the framework of the United Nations System to develop, revise, and enforce the laws that govern international trade.
The World Trade Organization was established after five decades of debate to gradually remove trade barriers.
The agreements have helped to create markets for a trade where countries have encountered trade obstacles and desired to lower them.
Through negotiation, the global WTO system eliminates trade obstacles and upholds the non-discrimination principle.
Because imports utilized in production are less expensive, this lowers production costs, lowers the cost of finished goods and services, and eventually lowers the cost of living.
Therefore, the world trade organization was founded (D) to regulate the global trading system.
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Correct question:
Why was the world trade organization established? multiple choice
a. to preserve peace through international cooperation
b. to promote economic development
c. to formulate a coordinated policy response to financial crises to maintain order in the international monetary system
d. to police the international trading system
Which of the following is NOT necessary in a catering contract?
O insurance clause
O cancellation clause
O refunds and all fees
staffing and costs of staff
Answers
A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions.
What should be included in a catering contract?A Catering Contract is a service agreement between a caterer and a customer that outlines the terms of a catering service occurring over a certain time period for one or more occasions. The catering contract should include normal contract terms and conditions, in addition to the menu and service-related topics, such as:
Contract fundamentalsLast day for any modificationsInsuranceRequirements for health and safetyPolicy on CancellationTo learn more about contracts, click
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What is the purpose of international trade and how does it help the countries involved in it?
Answers
Answer:
the trade without border is
international trade.it purposes to share goods ,ideas,resources, etc.
it helps country in the time of need.
Answer:
Global trade makes it possible for people living in one country to use products from another country, allowing them to benefit from products that are not domestically produced. If a country is endowed with abundant labor or favorable climatic conditions, it has an advantage over the nations that do not have them. It makes economic sense to produce and export goods that other countries cannot produce as cheaply. This way, the exporters can increase sales with foreign commerce and strengthen their country’s economy, while earning profits at the individual level. It also helps strengthen the foreign currency reserves of the country.
International trade is a key driver in regulating foreign currency rates. Global trade helps balance a country’s cyclical pattern of trade deficit and surplus. When a country’s currency is strong, its imports tend to exceed its exports, thus creating a trade deficit for the importer. This situation leads to the exporter country’s currency strengthening and the importer’s currency eventually weakening. Over time, a role reversal happens with exports overtaking imports, thus strengthening the exporter’s currency and creating a trade surplus for the importer. Many other factors influence this cycle too, for example, product cost inflation and interest rates. Global trade removes boundaries and makes the whole world into a single marketplace, and that can work to the benefit of all the participating partners.
Explanation:
PLATO answer!
A transaction for the sale of goods or services results in a decrease in owner’s equity.
Answers
False, Owner's equity is reduced as a result of a transaction for the sale of products or services.
Which transactions alter the owner's equity?If you make money, your owner's equity will rise. If you incur losses and expenses, your owner's equity will decline. Your owner's equity will be negative if your obligations surpass your assets.
What impact do sales have on owner equity?If the owner or owners (in the event of a partnership) increase the size of their capital contribution, the value of the owner's equity will rise. Additionally, increased income from higher sales or lower expenses raise the owner's equity.
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two farmers agree that pigs are worth $\$300$ and that goats are worth $\$210$. when one farmer owes the other money, he pays the debt in pigs or goats, with ``change'' received in the form of goats or pigs as necessary. (for example, a $\$390$ debt could be paid with two pigs, with one goat received in change.) what is the amount of the smallest positive debt that can be resolved in this way?
Answers
Pigs are valued at $300, and goats are valued at $210, according to two farmers. A farmer will trade pigs or goats for money owed to him by another farmer.
Do you trust farmers?
The cultivation of living things for food or raw resources is the work of an agriculturalist. Those that cultivate various field crops, orchards, vineyards, poultry, or other livestock are often referred to by this moniker. In addition to working as a labourer on property that is owned by others, a farmer may also be the land's owner. Despite differences in degrees and ranks, the level of faith in farmers can be shown in every survey. Another piece of proof for this was provided by a recent survey conducted by the American Farm Bureau, which showed that 88% of Americans have faith in farmers.
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11) What is the difference between buying a car with a loan and leasing a car?
A) When you lease a car, you have to pay maintenance fees in addition to the cost of the car.
B) When you lease a car, you don't own it as you do when you buy one with a loan.
C) When you lease a car, you're only purchasing the right to use the car on specific days of the week.
D) When you lease a car, you pay off the loan over a period of time that's longer than the car is owned.
Answers
Answer:
the answer is C
Explanation:
In the _______ case, the U.S. Supreme Court held that the FAA applies to arbitration clauses contained in employment contracts even when an employee brings suit against an employer for violating federal anti-discrimination laws.
Answers
The answer is Gilmer v. Interstate.
Some facts of this case includes:
After working for Defendant Interstate for six years, Plaintiff Gilmer was let go. Gilmer, the plaintiff, asserted that he was fired due to his age in a complaint for age discrimination with the Equal Employment Opportunity Commission (EEOC) and a lawsuit against the defendant under the Age Discrimination in Employment Act (ADEA). Plaintiff Gilmer signed an agreement when he submitted his registration application to the New York Stock Exchange, which said the Plaintiff committed to arbitrate any disagreement with the defendant. Defendant Interstate then filed a request to compel arbitration, citing this agreement. According to Alexander v. Gardner-Denver Co., the district court rejected Defendant Interstate's request to compel arbitration and held that Congress did not intend to limit ADEA claimants' legal recourse.Hence, In the Gilmer v. Interstate case, the U.S. Supreme Court held that the FAA applies to arbitration clauses contained in employment contracts even when an employee brings suit against an employer for violating federal anti-discrimination laws.
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When someone makes a choice, what are all the other alternatives that are given up by making that choice called?
Answers
When someone makes a choice, what are all the other alternatives that are given up by making that choice called trade-offs.
All of economics is about tradeoffs. Any circumstance where choosing one course of action results in giving up another, often foregoing a reward or opportunity, is referred to as a tradeoff. A bonus in one area must be a minus in another, and in these zero-sum circumstances we encounter tradeoffs. The investigation of how humans distribute limited resources and bargain over opportunity costs is a central tenet of economic theory.
If we apply economic principles to resources other than money, economics provides instruments that we may utilize as guides for achieving our goals in life. Even while we all understand that money isn't limitless, we frequently treat our time, energy, and attention as if they are.
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