Which of the Following Characteristics of the Retail and Service

question 41

Multiple Choice

Which of the following characteristics of the retail and service industries contributed to the rise in adolescent employment during the second half of the 20th century?

• A) the unpredictability of these industries
• B) an abundance of low-wage positions
• C) the high turnover rate preferred by these employers
• D) the reluctance to hire adults

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Definitions:

Obligation

A legal or moral duty to do something or pay an amount to someone.

Compounded Monthly

Interest calculation method where the interest is added to the principal at the end of each month, resulting in "interest on interest".

Interest

The cost of borrowing money, typically expressed as an annual percentage rate.

Scheduled Payments

Predetermined amounts paid at regular intervals as part of a loan agreement or payment plan.