The Event Organiser Is NOT Responsible for Taking Out Which

question 1

Multiple Choice

The event organiser is NOT responsible for taking out which of the following insurances for contractor employees? (But should check a certificate of currency.)

• A) WHS
• B) Workers compensation
• C) Cash in transit
• D) Loss of income

Assess the impact of unionization on productivity and investment.

Explore the historical trends in union membership and its economic implications.

Discuss strategic factors making strike threats effective or ineffective.

Understand the characteristics of competitive price-taker markets.

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Definitions:

Sticky Wages

A situation in economics where wages do not adjust quickly to changes in labor market conditions, often leading to unemployment or surplus of labor.

Business Expectations

Business expectations relate to the outlooks and forecasts that businesses have regarding future economic conditions, which can influence their strategic planning and operations.

Progressive Tax

A tax system in which tax rates increase as the taxable amount increases, placing a higher burden on those with higher incomes.

Tax Receipts

The revenue collected by a government from taxes, which can include income, sales, and property taxes among others.