Why Does the Minimum Job Pay a Maximum of $10

question 52

Multiple Choice

Why does the minimum job pay a maximum of $10 an hour?

• A)To limit the number of people who will participate.
• B)To provide a living wage to all those who participate.
• C)To provide an attractive alternative to dangerous jobs.
• D)To compete with the Federal minimum wage of $7.25 per hour.

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Definitions:

Markdowns

Reductions in the selling price of goods, often to clear old stock or during sales promotions.

Original Price

The initial cost set for a product or service before any discounts, promotions, or markdowns are applied.

Markdown

A reduction from the original or listed price of a product, typically to stimulate sales or clear inventory.

Discounting

The practice of reducing the price of goods or services, typically to attract customers or move excess inventory.