The Minimum Wage Is an Example of a

question 197

Multiple Choice

The minimum wage is an example of a

• A)price ceiling.
• B)price floor.
• C)wage subsidy.
• D)tax.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Asset Utilization Ratios

Ratios that measure how well a firm uses its assets to generate each $1 of sales.

Short-Term Assets

Assets that are expected to be converted into cash or used up within one year or within the business's operating cycle if longer than a year.