Figure 19-1 -Refer to Scenario 19-1.Which of the Following Is the Best

question 185

Multiple Choice

Figure 19-1
-Refer to Scenario 19-1.Which of the following is the best strategy for a profit-maximizing firm,assuming customers do not discriminate?

• A) Hire more men to ensure high productivity.
• B) Hire more women at lower wages and incur lower costs than firms hiring men.
• C) Avoid hiring women so they do not have to pay higher wages.
• D) Hire an equal number of men and women and pay them different wages according to the market.

---

Definitions:

Credit To Inventory

An accounting entry that increases the inventory asset account due to purchases on credit.

Perpetual Inventory System

An automated inventory management system which promptly registers inventory transactions during sales or purchases through digital point-of-sale systems and enterprise asset management software.

Purchases Returns

Transactions involving the return of goods previously bought to the supplier, often due to defects, inaccuracies, or other reasons, leading to a refund or credit note.

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit and are due within a short period, typically less than a year.