Compared to Ph

question 26

Multiple Choice

Compared to Ph.D.'s, master's level graduates are less often employed by:

• A) universities
• B) consulting firms
• C) the private industry
• D) the public sector

---

Definitions:

Labor and Material

Refers to the total cost of the work force (labor) and the materials used in the production of goods or the provision of services.

Transportation Costs

Expenses incurred in moving goods or materials from one location to another, including shipping fees, freight, and logistics services.

Sales Tax

A tax imposed by a government on the sale of goods and services, usually calculated as a percentage of the retail price.