Statistical Discrimination Refers to

question 233

Multiple Choice

Statistical discrimination refers to

• A)the crowding of women or minorities into low-paying occupations.
• B)significant differences in average levels of earnings by gender, race, and ethnicity, after accounting for nondiscriminatory factors.
• C)making individual hiring decisions on the basis of the characteristics of the group to which a person belongs, rather than on his or her personal characteristics and productivity.
• D)the 50-percent unexplained residual in studies that try to account for wage differences by gender, race, and ethnic origin.

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Definitions:

Perpetual System

A perpetual system is an inventory management approach that continuously tracks inventory levels and costs, updating records with each purchase and sale.

Inventory Cost

Inventory cost includes all expenses associated with acquiring, holding, and processing goods that are to be sold, including the costs of materials, labor, and overhead.

Customer Demand

The desire and willingness of consumers to purchase goods and services at given prices.

Inventory Turnover

A ratio that measures how often a company sells and replaces its stock of goods within a certain period, indicating efficiency in inventory management.