The long-run economic level of output, according to the vertical, long-run aggregate supply curve, depends on the economy's labor, capital, and technology, but not on the overall level of prices.
The level of production produced by enterprises and the price level over the long term are related by the long-run aggregate supply (LRAS) curve.
The long-run aggregate supply curve in Panel, "Natural Employment and Long-Run Aggregate Supply," is a vertical line at the economy's potential production level.
The one real wage at which employment stabilizes is that wage. Only a real wage of e generates natural employment Le in Panel, "Natural Employment and Long-Run Aggregate Supply."
However, any of an indefinitely large number of nominal salary and price-level combinations might be used in the economy to reach this actual wage.
Assume, for instance, that the equilibrium real wage is 1.5, or the ratio of wages to the level of prices.
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Roger is currently age 68. He is creating a retirement income plan. As such, he needs to estimate his future required distributions from his retirement plans. Help roger by telling him when he must begin taking distributions from his roth ira.
Roger is currently age 68. He is creating a retirement income plan. As such, he needs to estimate his future required distributions from his retirement plans. Help roger by telling him when he must begin taking distributions from his Roth Ira because He will never have to accept a distribution.
Define Retirement.Retirement is the cessation of one's employment, occupation, or active working life.Another way to semi-retire is to work fewer hours or with fewer jobs.When they are old or unable to work due to health issues, many people decide to retire.What is income?Income is the money that an individual or organization receives in return for their services or goods. Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions.For the majority of people, their total earnings include their wages and salaries, investment returns, pension payments, and other receipts.Learn more about Retirement here:
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Tao Company has fixed costs of $708,000. Its single product sells for $350 per unit, and variable costs are $232 per unit. If the company expects sales of 10,000 units, its margin of safety as a percent of expected sales is: Multiple Choice 40%. 50%. 35%. 45%. 60%.
The margin of safety is 40%.
What is margin of safety?
Margin of safety is the extent to which current sales level exceeds the breakeven sales level, bearing in mind that breakeven sales level is the sales revenue at which total costs are the same as total revenue.
In the first we need to determine the breakeven sales level, which is fixed costs divided by the contribution margin per unit(contribution margin per unit is the selling price minus variable costs)
breakeven sales=fixed costs/contribution margin
fixed costs=$708,000
contribution margin=$350-$232
contribution margin=$118
breakeven sales=$708,000/$118
breakeven sales=6,000 units
margin of safety=(current level of sales-breakeven sales)/current level of sales
current level of sales=10,000 units
margin of safety=(10,000-6,000)/10,000
margin of safety=40%
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What is the affordable monthly mortgage payment if your yearly gross income is $48,000 and monthly payments on an auto loan are $320?
The affordable monthly mortgage payment is $1200.
Given,
Maximum monthly payment = 48000/12 *38% = 1520
Allowed for mortgage = 1520-320 = 1200
The answer is $1200
A mortgage payment is normally made of 4 components: major, interest, taxes, and insurance. The most important component is the quantity that will pay down your extraordinary mortgage quantity.
PITI is an acronym for foremost, interest, taxes, and insurance—all of the usual components of a mortgage payment. due to the fact that PITI represents the total monthly loan charge, it facilitates both the buyer and the lender to determine the affordability of an individual mortgage.
Most loans are repaid in parts: principal and interest (P&I). This includes repaying the cash you borrowed in conjunction with interest to the financial institution. but in relation to a mortgage loan, P&I are not your best costs. You furthermore may should pay for home owner's coverage and assets taxes.
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The more ________ used, the greater the leverage a company employs on behalf of its owners.
The more debt used, the greater the leverage a company employs on behalf of its owners.
What is financial leverage?Financial leverage exists as the usage of borrowed money (debt) to finance the purchase of assets with the anticipation that the income or capital gain from the new asset will surpass the cost of borrowing.
What is financial leverage example?An example of financial leverage use contains utilizing debt to buy a house, borrowing money from the bank to begin a store, and bonds issued by companies.
Debt exists as an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another group, the creditor. Debt stands for deferred payment, or sequence of payments, which distinguishes it from an immediate purchase.
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Linda wants to apply for a job in a company of her choice. which information would her potential employers likely review in her social profile? a. comments about her past job and work performance b. hobbies that she enjoys on weekends c. details about her planned vacations d. friends and contacts from her friends list e. photographs uploaded by her
The correct answer is option (b) hobbies that she enjoys on weekends. All others are irrelevant for the social profile. A resume should only contain the necessary information and not anything irrelevant.
What is a resume? It is a prospective document that contains your personal information like your job experience, educational qualifications etc.. This document is sent to the employer or the firm to which you are applying. A resume must be tailor-made and edited as per the requirements of the employer. It should not be too lengthy and it should be free of any grammatical errors. A resume is sent to the employer before an actual interview as it helps them evaluate if you are an eligible candidate or not. It should be sent in along with a cover letter. Unnecessary language, family achievements, negative areas of life should not be included in the resume and all the information should be true and factual. .To learn more about resume visit: https://brainly.com/question/15406226?
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Expatriates who are citizens of an employer's home country and residing and working in another nation are called _____
Expatriates who are citizens of an employer's home country and residing and working in another nation are called parent-country nationals.
A Parent Country National or PCN is an employee who works in a country other than their country of origin. They are also called "ex-pats" or "expatriates".
Parent Country National or Home Country National – A permanent resident of the country where the company is headquartered. Host Country Citizen – A permanent resident of the country in which we have our place of business.Benefits: Offer opportunities for promotion and advancement to local people, increasing their engagement and motivation. Disadvantages: Lack of opportunities for international and cross-cultural experience for homegrown citizens.
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If you have a $500 deductible and you have an accident that causes $4,500 in damages, the amount the insurance will be paying is?
The amount the insurance will be paying is $5,000
Deductible approach, while you buy an auto insurance policy, have to pay out-of-pocket inside the occasion of an twist of fate. as an example, if your deductible is $500 and also you’re in an twist of fate that causes $5,000 in damage for your vehicle, you pay $500 and the coverage agency can pay the final $4,500.
Collision/complete insurance pays an amount as much as the real cash cost of your automobile to either repair it or replace it as an instance, if your automobile is well worth $five,000 on the time of the accident, you are blanketed as much as $5,000. If the damage exceeds $5,000, the coverage company declares your automobile a total loss and will pay $5,000.
Deductible is the quantity you may pay out of pocket on a declare before the insurance cash kicks in. You choose the quantity of your deductible whilst you purchase your car coverage coverage. And if your circumstances change, you may trade your deductible quantity.
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The following information pertains to the Richardson County General Fund: Appropriations $10,000,000 Estimated Revenues 12,000,000 Expenditures 12,800,000 Revenues 9,300,000 Long-term note issue proceeds 1,000,000 Short-term note principal retirements 250,000 Operating transfers to other funds 75,000 The change in Richardson County's General Fund fund balance for the year is a
Based on the given information of Richardson Country General Fund, the change in the fund balance for the year is $2,575,000 decrease.
What is the change in the General Fund balance?This can be found as:
= Revenue + Long term note issue proceeds - Expenditure - Operating transfers
Solving gives:
= 9,300,000 + 1,000,000 - 12,800,000 - 75,000
= -$2,575,000
In conclusion, the change in Richardson County's General Fund fund balance for the year is a $2,575,000 decrease.
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What effect will raising the price of suvs from $21,100 to $29,700 have on car dealers' revenue?
After raising the price of SUVs from $21,100 to $29,700., the car dealer's revenue will increase.
After the prices of SUVs rises from $21,100 to $29,700., there will be an increase in the car dealer's revenue, as the car dealer will be earning more from the sales of SUV which will indirectly increase his overall revenue.
In an inelastic market, the change in price produces a noticeable change in the quantity of items purchased. Thus, a price increase in an elastic market would lead to an increase in a company's total revenue.
Here, after raising the price of SUVs, the car dealer's total revenue will increase.
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Which of the following statements best summarizes the reason for economics?
Question 1 options:
The number of people who do not have jobs is rising.
While wants are unlimited, resources are scarce.
Opportunity costs can never be determined accurately.
People spend more than they make.
The option that best summarizes the importance of studying economics is B. While wants are unlimited, resources are scarce.
What is the point of economics?Economics is the study of how resources can be allocated such that we can have the greatest productivity given the resources that we have.
Resources cannot satisfy our needs entirely because they are limited but the needs we have are unlimited.
Economics is therefore needed to regulate our needs and wants vs the resources that we have.
In conclusion, option B is correct.
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A company reviewed their safety program and made improvements to seven different processes that had high injury records. after training their employees on the new processes there were 80% fewer lost time injuries from the prior year. what type of benefit was this reduced lost time
A specific illustration of a quantitative benefit is the decreased number of lost time injuries as a result of the company's safety program upgrades and staff training.
This is why:
Impact Measurable: A 80% decrease in injuries that result in lost time is how the benefit is expressed in clear and quantifiable terms. This decline is a blatant quantitative result that can be mathematically assessed and contrasted with the data from the previous year.
Representation of Numbers: A precise numerical illustration of the improvement made is the 80% reduction. As a result, it is simple to comprehend the scope of the benefit in terms of the decrease in injuries.
Data-Driven: The advantage is supported by statistics and data. The business examined injury reports, evaluated the results of safety program enhancements and training, and then calculated the decrease in injuries.
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It is estimated that it costs about _____ times more money to attract and sell to a new customer than to an existing customer.
It is estimated that it costs about seven times more money to attract and sell to a new customer than to an existing customer.
An individual who has previously done business with a person, who is the recipient of a voice communication from that person, and who either paid for the goods or services within the 12 months prior to the voice communication or who, due to a prior agreement between the person and the individual, has not paid for the goods and services at the time of the voice communication is considered an existing customer.
An existing customer is someone who has made a purchase from a business, has received a voice communication from that business, and has either paid for the products or services within the previous 12 months or has not done so at the time of the voice message.
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The weak form of the emh states that ________ must be reflected in the current stock price.
The weak form of the emh states that All past information, including security price and volume data must be reflected in the current stock price.
What is the EMH?The efficient market hypothesis (EMH), sometimes known as the efficient market theory (EMT), is a theory that contends that share prices correctly reflect all information that is currently accessible, rendering continued alpha production unfeasible.
According to the EMH, since stocks always trade on exchanges at their fair value, investors cannot buy them at a discount or sell them at a premium.
The weak version of the EMH states that the stock price must accurately reflect all historical data, including security price and volume data.
The only option for an investor to see larger returns is to invest in riskier assets, therefore it should be difficult to outperform the market as a whole through superior stock picking or market timing.
This means that the current stock price must represent all past information, such as security price and volume data.
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Adaptive impairment is _____ to diagnosing intellectual disability. unnecessary always necessary sometimes necessary irrelevant
Adaptive disability is always necessary to diagnose intellectual disability.
What is intellectual disability?It corresponds to a reduction in mental abilities in individuals, which generally negatively impact learning, decision-making and adaptation to the social environment, such as difficulties in performing routine tasks and socializing with other individuals.
Intellectual disability can begin to manifest itself in childhood, as this is the stage where cognitive development takes place.
Therefore, in the identification of any symptom of intellectual disability, such as communication and learning difficulties, there is a search for specialized medical help, in order to identify the best treatment for achieving a better quality of life.
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The aim of ________ is to make ads and brand content so engaging or useful that people want to watch them. social advertising subliminal advertising branded entertainment advertainment infotainment advertising
The aim of Advertainment is to make ads and brand content so engaging or useful that people want to watch them. Option D
What is advertainment?Advertainment is an advertisement methods that uses different forms of entertainment to advertise,
It include the use of television, movies, songs, etc. in way to connect advertising and entertainment. This is done to promote with elements to promote particular products or brands.
It helps to attract and retain customers with the use of the content.
Therefore, The aim of Advertainment is to make ads and brand content so engaging or useful that people want to watch them
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What should you do if you have one main point that is three times longer than the other two main points combined?
You must don't forget to make it the subject of your speech, and make your assisting factors your new major points. create a definition along with your major factors at the primary degree and supporting points at the second stage.
The “rule of 3” is based totally on the principle that matters that are available in threes are inherently funnier, extra pleasurable, or greater powerful than another quantity. while utilized in words, both via speech or text, the reader or audience is much more likely to consume the records if it's miles written in threes.
The 3 major factors of a speech:
Speeches are prepared into 3 important components: advent, body, and end.introduction. The introduction of the speech establishes the first, critical contact among the speaker and the target market. body. in the body, the less the primary factors the higher.end.
Maximum speeches have to have to four major factors. a. college students do now not have time in study room speeches to expand more than four predominant factors.
An instance of speech is a communication among two people. An instance of speech is the presidential cope with. (uncountable) The school of uttering articulate sounds or phrases; the capability to talk or to use vocalizations to speak. It turned into tough to pay attention the sounds of his speech over the noise.
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Using the airbnb chicago tableau dataset, what is the room type and price of the airbnb listing that is immediately to the west of mdw airport?
The airbnb advertisement directly to the west of mdw airport lists a Private Room for $50 per night as the room category.
What is Airbnb's pricing structure?A flat service fee of 3% of the booking subtotal is typically what hosts pay. Your nightly rate plus your cleaning charge* and additional guest fee, if applicable, make up the sum; Airbnb fees and taxes are not included. A service charge of roughly 14% of the booking subtotal is normally paid by the guest.What kind of lodging is Airbnb?Private rooms, hotel rooms, shared rooms, and entire areas are the four different types of spaces.
How are Airbnb prices determined?Your Airbnb reservation will cost you the nightly rate indicated by the host plus any additional fees or expenses decided by the host or by Airbnb.
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Using the Airbnb Chicago tableau dataset, Private Room for $50 per night of the Airbnb listing that is immediately to the west of MDW Airport.
What is Airbnb ?Airbnb is a leading website where people can book beds, rooms, apartments, homes etc. all around the world. It provides a platform for the people to rent out their places at their convenience without involving complex channels or doing major investments.
Users can also find a place to stay at much competitive prices as compared to hotels. Through Airbnb, people can find place to stay even in the areas where the likelihood of having hotels is very less. Many a times, even people prefer to stay in local settings, with local people.
Airbnb (ABNB) is an online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in specific locales.
The company has come a long way since 2007, when its co-founders first came up with the idea to invite paying guests to sleep on an air mattress in their living room. According to Airbnb's latest data, it has in excess of six million listings, covering more than 100,000 cities and towns and 220-plus countries worldwide.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
Using the Airbnb Chicago tableau dataset, What is the Room Type and Price of the Airbnb listing that is immediately to the west of MDW airport?
a. Private Room for $50 per night
b. Private Room for $70 per night
c. Private Room for $75 per night
d. Entire Home/Apt for $110 per night
e. Entire Home/Apt for $136 per night
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The _____ is the overall economic effect of government spending increases. group of answer choices spending effect fiscal effect incentive effect multiplier effect
The multiplier effect is the overall economic effect of government spending increases. Proportional increase or decrease in final revenue that follows an infusion or withdrawal of spending is known as the multiplier effect. An economic concept known as multiplier effect describes proportional increase or decrease in final revenue that happens as a result of a capital infusion or withdrawal.
In essence, it assesses the influence that a shift in economic activity will have on a given object's overall economic output. The proportional increase or decrease in final revenue that follows an infusion or withdrawal of spending is known as multiplier effect.
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Rodriguez corporation issues 14,000 shares of its common stock for $263,800 cash on february 20. prepare journal entries to record this event under each of the following separate situations. the stock has a $18 par value. the stock has neither par nor stated value. the stock has a $9 stated value.
Common stock = 9,000 shares × $18 per share = $162,000
Paid-in capital excess of par value, common stock = $190,400 – $162,000 = $28,400
Common stock = 9,000 shares × $9 per share = $81,000
Paid-in capital in excess of stated value, common stock = $190,400 – $81,000 = $109,400
What is shares?A share is a financial market unit used in mutual funds, limited partnerships, and real estate investment trusts. The term "share capital" refers to all of an enterprise's shares. The owner of company stock is a shareholder of the corporation.
A company's shares signify its ownership. When a person purchases stock in your company, they become a shareholder. Shareholders elect who manages a firm and participate in critical decisions such as whether a company should be sold.
An online stockbroker is the most convenient way to purchase stocks. You can buy stocks on the broker's website in minutes after opening and financing your account. Another alternative is to use a full-service stockbroker.
Journal entries:
Cash 190,400
Common stock, $18 par value 162,000
Paid-in capital in excess of par value, common stock 28,400
2 Cash 190,400
Common stock, no-par value 190,400
3 Cash 190,400
Common stock, $9 stated value 81,000
Paid-in capital in excess of stated value, common stock 109,400
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Companies with production constraints and irrelevant fixed costs will be most profitable when they maximize production of the product with the highest.
Companies with production constraints and irrelevant fixed costs will be most profitable when they maximize production of the product with the highest contribution margin per unit of the constraint.
What are Fixed costs?A cost that remains constant regardless of how many units of products or services are produced or sold is referred to as a fixed cost. Fixed costs are outlaid that a business must cover regardless of the particular commercial activities it engages in. As a result, fixed expenses are typically indirect because they don't relate to the creation of any goods or services by a corporation.What are some examples of fixed costs?The majority of fixed costs are expenses that depend more on time than they do on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.Learn more about fixed costs here:
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Your company currently has par, coupon bonds with 10 years to maturity and a price of. If you want to issue new 10-year coupon bonds at par, what coupon rate do you need to set? assume that for both bonds, the next coupon payment is due in exactly six months.
In order to sell the new bonds at par, the coupon rate must be 5.51%.
What are bonds?A bond is a sort of financial asset in which the issuer (the debtor) owes the holder (the creditor) a debt and is obligated to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified period of time, depending on the terms.To find the coupon rate in order to sell the new bonds at par:
The company now possesses $1,000 par, 6.5 percent coupon bonds with a maturity date of 10 years and a price of $1,078.If we intend to issue fresh 10-year coupon bonds at par, assume that the next coupon payment is due in exactly six months for both bonds.We must compute the current bonds' yield to maturity (YTM).Because the bonds pay interest every six months, the coupon is $32.50.YTM = {coupon + [(face value - market value)/n]}/[(face value + market value)/2]YTM = {32.5 + [(1,000 - 1,078)/20]}/[(1,000 + 1,078)/2]YTM = 28.6 / 1,039 = 0.275 x 2 = 5.5053% ≈ 5.51%Therefore, in order to sell the new bonds at par, the coupon rate must be 5.51%.
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A recovery is generated in the classical / new classical part of this example when investment spending and technology _______________ in the private sector
A recovery is generated in the classical/new classical part of this example when investment spending and technology expand over time due to rising confidence in the private sector.
investment spending - money spent on capital goods, or goods used inside the production of capital, goods, or services. investment spending may additionally include purchases along with equipment, land, production inputs, or infrastructure.
some of the important varieties of funding are: (1) commercial enterprise constant investment, (2) Residential investment, (3) stock investment, (4) independent funding, and (5) caused investment.
Spending on new capital items is known as funding expenditure. funding falls into 4 categories: producer's durable gadget and software program, new nonresidential systems, modifications in inventories, and home systems.
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Ronaldo supports a hands-off policy for government regulation of the economy and social matters. to which third party does he belong?
Ronaldo supports a hands-off policy for government regulation of the economy and social matters, third party he belongs to was libertarian party.
The Libertarian Party (LP) is the representative in American politics. It is the only political party which uses to respects persons as a unique and responsible individual.
Slogan of the libertarian party is that people are “The Party of Principle” because all people stand firmly on their principles.
Libertarians strongly oppose any government interference in their personal, business, and family decisions. Essentially, libertarian party believe all americans should be free to live their lives and pursue their interests as they see fit as long as they do no harm to another.
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Small business owners often struggle in attracting qualified workers. what contributes to this problem?
Small business owners often struggle in attracting qualified workers because many jobs in small firms have low pay and few benefits.
Small businesses frequently find themselves in a less stable condition than larger organizations, which typically have the adequate cash flow to cover payroll and keep the lights on. Your small firm might not be able to pay its debts if one important client doesn't pay.
In addition, small businesses may require workers who can manage a variety of activities, whereas large organizations can recruit personnel for a single activity.
Furthermore, since change is common in small businesses, you'll probably need people with the right personalities to flourish there. Finding the ideal staff might be difficult because of all of these issues.
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Oceans inc. , a seafood distributor, agrees to buy from paul, a commercial fisherman, any "overstock" of fish that paul catches in excess of his legal limit. This agreement is most likely?
Oceans Inc., a seafood distributor, agrees to buy from Paul, a commercial fisherman, any "overstock" of fish that Paul catches in excess of his legal limit. This agreement is most likely void. Option C. This is further explained below.
What is overstock?Generally, Oceans Inc., a distributor of seafood, has reached an agreement with Paul, a commercial fisherman, to purchase any "overstock" of fish that Paul captures in excess of the legal limit for his vessel.
This results in an increase in financial expenses since the investment is left in the storage facility rather than being used to generate cash flow or profits. Drives up the cost of logistics due to the fact that warehouse upkeep sometimes results in unused space and additional labor charges.
In conclusion, Overstocking, often known as "surplus stock," occurs when retailers buy more of a product than they actually move out of their shops. If a retailer overorders goods, they will end up with an excessive amount of stock. This surplus merchandise will either be left on shop shelves or in the warehouse, which may be detrimental to the company's profitability.
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Complete question
Oceans Inc., a seafood distributor, agrees to buy from Paul, a commercial fisherman, any "overstock" of fish that Paul catches in excess of his legal limit. This agreement is most likely
a. enforceable.
b. valid.
c. void.
d. voidable.
Because of their economies of size, large food processors typically spend a smaller percentage of sales on promotion than do small processors.
a. true
b. false
The statement, because of their economies of size, large food processors typically spend a smaller percentage of sales on promotion than do small processors, is false.
The large food processors typically spend a huge amount on the sales promotions for better sales with a good amount of profit. Thus, they do so because sales promotions boosts sales of a product by creating demand in the market.
This creates both the consumer demand as well as trade demand. It also improves the performance of middlemen and acts as a supplement to advertising and personal selling.
Hence, option B is correct.
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When demand for component parts is tied to demand for the finished part, we have ___ demand.
The correct option is D.
Depended demand
What is Dependent Demand?Component parts, raw materials, or subassemblies are all examples of dependent demand. This desire is dependent upon the demand for a parent item, which is often a product, before it may exist.
What is dependent demand in inventory management?Dependent demands are those where the need for an item's inventory is dependent on the need for another item. It is possible to refer to raw material and component inventories as dependent demand inventories since they depend on the demand for finished goods.
Demand is based on supply and demand if the market for the finished good depends on the market for the component parts
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True or false: a localized total product strategy requires changes to the physical product.
The statement, a localized total product strategy requires changes to the physical product, is false.
The localization product strategy is the process of adapting a product to satisfy the language and cultural needs of the customers in the new markets. This can be done through altering packaging, translating text, or modifying content on websites so that it is appropriate for international customers to buy.
Products can also be localized by changes to the package, accessories, brand name, after-sales service, instructions for use, company image, and warranty.
Hence, a localized total product strategy does not require changes to the physical product. It is false.
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Write a program named find_stats. py. accept ints from user until the user enters a 0. then calculate mean, median and standard deviations of all entered values. display stats
The program described above which calculates mean, median and standard deviations of all entered values is given below.
What is a program?A program is a set of instructions that ensure that a predetermined or specific output is given by a computer.
The program labelled find_stas.py is given as follows:
# importing required libraries
import math
# creating a empty list named li
li = []
# iterate till while is true
while True:
# getting user input making it int and store it in inp
inp = int(input("Enter integer (0 to stop): "))
# checks if inp is equals to 0
if inp == 0:
# stop the loop
break
# append inp in li
li.append(inp)
n = len(li)
# calculating sum li using sum function then dividing by n and store it in mean
mean = sum(li) / n
# dividing n by 2 and store it in indexes
index = n // 2
# if n modulus n equals 2
if n % 2:
# sort the li and store the index position in median
median = sorted(li)[index]
# otherwise
else:
# store the result in media
median = sum(sorted(li)[index - 1:index + 1]) / 2
# declaring d variable with value 0
d = 0
# calculating variance and store it in variance
variance = sum((x - mean) ** 2 for x in li) / (n - d)
# standard deviation
sd = math.sqrt(variance)
# display the output with the value of mean, median and sd
print("Mean : {}\nStandard Deviation : {}\nMedian : {}".format(mean, median, sd))
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Dress for success, inc., had policy requiring male salespersons wear business attire, including dress pants, button-down shirt, and a tie. the company required female salespersons to wear a smock (a light, loose garment worn for protection of clothing while working) in order for clients to identify them easily. sharon riddle and other female salespersons refused to wear a smock. they showed up to work wearing business attire instead, and dress for success suspended them. after multiple suspensions, the female associates were fired for violating dress for success' dress code policy. all other employment conditions, including wages, working hours, and benefits, were equal for male and female associates. issue: was the dress code discriminatory? why or why not? how do you rule in this case?
Dress for Success, Inc. is justified in the suspension and the ultimate sacking of Sharon Riddle and other female salespersons. The US stipulates that it is at the discretion of the company to choose whether to allow the employees to choose their dress codes of personal preference or dress while applying the company’s policies, therefore, the company was justified in its actions.
What is dress codes?A dress code is a set of rules, usually written down, that govern what clothing groups of people must wear. Dress rules are founded on social views and customs, and they vary depending on the purpose, circumstances, and events.
Dress rules are used to communicate to employees what is considered proper work wear by the organisation. A dress code or appearance policy allows an employer to set expectations about the image the company intends to project.
Students' [clothes] will only have an impact on learning if they are dressed inappropriately, according to senior Alyse Madsen. "Strict dress regulations limit students' freedom of expression and create a drab environment with little innovation." "
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