Which of the Following Can Result in Job Rationing

question 55

Multiple Choice

Which of the following can result in job rationing?
I. minimum wage
Ii. union wage
Iii. diminishing returns

• A)iii only
• B)ii only
• C)i only
• D)i, ii, and iii
• E)i and ii

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Definitions:

Note Payable

A written promise to pay a specified amount of money, usually with interest, by a certain date.

Sale of Equipment

A financial transaction involving the disposal of equipment assets in exchange for cash or other compensation.

Note Receivable

A written promise for amounts to be received by a business, typically including interest, from another party.

Note Payable

A written promise to pay a certain sum of money on a specified future date, which is a liability on a company's balance sheet.