The government of Filvia has mandated that the standard minimum wage in the country be increased to $8,000 per year. This has ensured that all firms in the country pay their employees at least $8,000 per year, which has brought about a higher standard of living for the people of Filvia. Which of the following factors in a firm's general environment does this mandate best indicate?
a. ecological factors
b. sociocultural factors
c. technological factors
d. legal factors
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The government of Filvia has mandated that the standard minimum wage in the country be increased to $8,000 per year. This has ensured that ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Clemens Cars' job cost sheet for job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the added features.
Answers (1)
The measure of how quickly an investment can be converted into cash is known as
Answers (1)
Firms that use cotton as their key factor of production in producing t-shirts also have the ability to use their factors of production to produce sweatshirts instead.
Answers (1)
Rodriguez Corporation issues 6,000 shares of its common stock for $96,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2.
Answers (2)
What are some day to day duties of being a Chef
Answers (2)
New Questions in Business
When preparing the budgeted income statement of a merchandising company, the amount of cost of goods sold can be taken from the
Answers (1)
Ortega Company manufactures computer hard drives. The market for hard drives is very competitive. The current market price for a computer hard drive is $42. Ortega would like a profit of $12 per drive.
Answers (1)
True or false Each consumer has a credit score in their credit report and the score adjusts up or down each month, based on positive or negative information reported by creditors
Answers (1)
Which type of unemployment is caused by a lack of demand for workers as a result of a shrinking economy?
Answers (1)
Actionable performance measures should be meaningful to a company's management and should provide the basis for decisions at the strategic level in an organization. A. True B. False
Answers (1)