Which of the Following Is a Source of Wage Stickiness

question 40

Multiple Choice

Which of the following is a source of wage stickiness?
I. fixed wage contracts
II. minimum wage laws
III. workers and firms want to avoid complexity of negotiating contracts frequently

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

Understand the accounting treatment for monetary items in foreign currencies at the end of reporting periods.

Recognize the importance of forward contracts in managing foreign exchange risk.

Calculate the value of a forward contract at different key dates including the commitment date and settlement date.

Apply appropriate accounting principles for translating financial transactions under IAS 21.

---

Definitions:

Chose in Action

A personal right not attached to any physical property, recoverable by a lawsuit, such as debts, copyrights, or patents.

Chattels

Personal property that is tangible and movable.

Intellectual Property

Personal property in the form of ideas and creative work.

Intangible Property

Assets that do not have a physical presence, such as copyrights, patents, and trademarks.