All of the Following Statements,except One,are Correct When a Trade

question 97

Multiple Choice

All of the following statements,except one,are correct when a trade union successfully imposes a wage rate above equilibrium.Which is the exception?

• A)There will be more workers willing to work than are hired.
• B)The firm's total wage bill will definitely be higher.
• C)The average firm is not operating in a competitive factor market.
• D)The quantity of workers hired will be less after the imposition of the higher wage than it was before.
• E)Neither the demand for nor the supply of labour has changed.

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Definitions:

Sale Of Land

A transaction involving the transfer of ownership of land from one party to another, typically recognized as a capital transaction in accounting.

Operating Activities

Business actions directly tied to the production and delivery of goods and services, impacting the company's cash flow.

Noncash Investing

Transactions involving investments that do not require an initial cash outlay, such as stock-for-stock mergers or asset swaps.

Financing Activities

Transactions and events where cash is raised or repaid to fund the company’s operations or to acquire assets, typically reflected in the financing section of a cash flow statement.