What penalties did the competition tribunal give to the construction cartel members?

Answers

Answer 1
Answer: The Tribunal provided the maximum allowable penalty for the construction cartel members. In 2010, the Competition Tribunal imposed the allowed maximum penalty in the Competition Act for the Cartel Members of the concrete pipes industry. SPC and Conrite have 20 business days to pay their penalty.

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Which of the following istypically found on the horizontal axis? A. quantity B. price C. supplier expectations

Temporary employment that can become permanent employment after a period of evaluation by the employer defines _____.a. school-to-work program
b. temp work
c. temp-to-hire work
d. hidden job market

Answers

Temporary employment that can become permanent employment after a period of evaluation by the employer defines temp-to-hire work. Hence, option C is correct.

What is temp-to-hire work?

In a temp-to-hire arrangement, a corporation hires a worker for a predetermined amount of time with the potential to offer them a permanent position when that time has passed. Based on the worker's performance and fit with the company culture, the employer might give them a permanent position.

A staffing company might be hired to give a temp worker immediately with the intention of hiring them after a trial period or internship. While a temp employment is frequently temporary, a temp-to-hire position is usually permanent. Typically, the trial period lasts between 90 and 180 days.

A temporary to permanent position is one that has the possibility of developing into a long-term contract. Occasionally, a company will employ a temporary employee.

Thus, option C is correct.

For more information about temp-to-hire work, click here:

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it is C, the guy above or below me was indeed correct! i think at least. im taking the test rn

The following is a list of balances for company XYZ ltd. Sales 1,000,000 Purchases 265,000 Vehicles 647 000 Creditors 650 000 Debtors 673 000 Rent 75 000 Wages 90 000 Loan from bank 100,000 Prepare a trial balance for company XYZ ltd.

Answers

Answer:

Here is the trial balance for company XYZ ltd:

Sales: $1,000,000

Purchases: $265,000

Vehicles: $647,000

Creditors: $650,000

Debtors: $673,000

Rent: $75,000

Wages: $90,000

Loan from bank: $100,000

To ensure the trial balance is balanced, we need to calculate the total debits and credits. In this case, the debits are Sales, Purchases, Vehicles, Rent, Wages, and Loan from bank, while the credits are Creditors and Debtors.

Total Debits:

$1,000,000 (Sales) +

$265,000 (Purchases) +

$647,000 (Vehicles) +

$75,000 (Rent) +

$90,000 (Wages) +

$100,000 (Loan from bank) = $2,177,000

Total Credits:

$650,000 (Creditors) +

$673,000 (Debtors) = $1,323,000

Since the total debits ($2,177,000) do not equal the total credits ($1,323,000), there may be an error in the trial balance. Double-checking the calculations and reviewing the account balances will help identify any discrepancies.

Please note that the trial balance only lists the balances and does not account for specific account types or financial statements. It serves as a tool to ensure the total debits and credits are in balance before preparing financial statements.

Which feature is characteristic of a market economy?A) Government provides basic goods.

B) Self-interest motivates buyers.

C) People have less economic freedom.

D) People have no property rights

Answers

The answer is B.

The 5 characteristics of a market economy are ability to own private property, freedom of economic choice, motivation by self interest, competition and limited government intervention. A sounds more socialist, as that would imply the government supplies the people with goods such as food, instead of leaving it to private enterprise.

Hope this helps.

Characteristic of a market economy is self-interest motivates buyers.  

Further explanation

A Market economy is an economic system regulated by supply and demand, not the government. Most of the resources, equipment, buildings, goods, and services in a market economy own by individual and private business. Most economic decisions are made by buyers and sellers, not the government.

Characteristics of market economy are:  

  1. Private ownership: Most of the resources, goods, and services are owned by individual or private sectors.  
  2. Freedom of choice and free enterprise: Entrepreneurs have the freedom to get and use their resources. Consumers are free to buy goods and services to fill their need.  
  3. The motive of self-interest: Entrepreneurs try to get the highest profits for their businesses. On the other hand, consumers try to get the greatest benefits from their budgets.
  4. Competition: competition ensures greater quality and lower prices for consumers .
  5. A system of markets and prices  

Another type of economic system is a market economy, traditional economy, and a mixed economic system. Nowadays, many command economies began adding aspects of the market economy, we call it a mixed economic system.

Learn more

The goal of the command economy brainly.com/question/1362251

Characteristic of a command economy brainly.com/question/2065265

The function of the economic system brainly.com/question/12060180

Keywords: command economy, central government, characteristic of a command economy, economic system

What is the south african government providing and for whom ?

Answers

Welfare payment is an amount of money that is paid by the government to someone who is ill,poor. Consumer subsidies is a grant assistance given by one part for support welfare payment is the amount of money paid by the goverment regularly to assist the people of the country . it can be in a broader and narrower sense. narrower sense reffers to the needy, ill, and poor(social grant). the broader refers to everyone(public goods)

For a car loan using simple interest at a given​ rate, the amount of interest charged varies jointly with the loan amount​ (also known as the​ principal) and the time of the loan​ (in years). if a $ 15 comma 000 car loan earns ​$2610 in simple interest over 6 ​years, how much interest will a ​$32 comma 000 car loan earn over 8 ​years?

Answers

Okay, we start with the formula for simple interest, A = P(1 + rt). However, we are really interested in the p*rt part of the formula. Why? r is the interest rate, p is the principal and t is the time.

Let's solve for r using the first loan info.

We have r*6*15000=2610 ------>  r=2.9%. From our calculation the interest is 2.9% per year.

For the $32,000 loan in 8 yrs, the interest amount is 8*2.9%*32000=$7424
           

A firm is accused of using illegal methods to earn monopoly profits. Which of the following information best refutes this claim?a. The firm faces an elasticity of demand of -0.75.
b. The firm faces an elasticity of demand 0f -5.35.
c. The firm is making a profit in the SR.
d. The firm sells other unrelated products.
e. The firm’s product has few substitutes.

Answers

e. The firm’s product has few substitutes.

This information best refutes the claim that the firm is using illegal methods to earn monopoly profits. If the firm's product has few substitutes, it means that consumers have limited alternative options to switch to, even if the firm were to increase its prices due to its monopoly position. This lack of substitutes reduces the competitive pressure on the firm and makes it less likely that it needs to resort to illegal methods to maintain its profits.
c. The firm is making a profit in the short run. This means that the firm's methods are generating legal profits, which refutes the claim of using illegal methods.