The Principle of "Comparable Worth" Asserts That People with Comparable

question 182

Multiple Choice

The principle of "comparable worth" asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay.If this principle were to become law, it would tend to

• A)reduce the problem of the "cost disease of services."
• B)exacerbate the problem of the "cost disease" of the service sector.
• C)be irrelevant to the "cost disease" problem.
• D)eliminate the problem of externalities.

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Definitions:

Accounting Records

Documents and books that keep track of all financial transactions of a business or individual.

Internal Control

Procedures and processes implemented by a company to safeguard its assets, ensure financial reporting accuracy, and promote operational efficiency.

Assets

Economic resources controlled or owned by a person or company, expected to provide future benefits.

Misappropriation

The intentional, illegal use of another's funds or property for one's personal use.