Labour- Market Discrimination Results in a

question 15

Multiple Choice

Labour- market discrimination results in a

• A)lower supply in discriminating occupations and a higher supply in non- discriminating occupations.
• B)lower demand in all occupations.
• C)lower supply in all occupations.
• D)higher supply in discriminating occupations and a lower supply in non- discriminating occupations.
• E)higher demand in both occupations.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay debt.

Accounting Period

A specific period of time for which financial information is reported, typically a fiscal year or quarter.

Expense Accounts

Accounts in the general ledger representing the various costs incurred by a company in the course of its operations, excluding product cost.