A Comparable Worth Law Is Likely To

question 117

Multiple Choice

A comparable worth law is likely to:

• A)have an adverse affect on the employment of women in some occupations that are considered underpaid
• B)enhance the efficiency of markets in allocating scarce labour resources
• C)lower the wages in occupations that have been traditionally dominated by women
• D)increase employment of women in traditional occupations dominated by male workers

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Definitions:

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

FIFO

First-In, First-Out, an inventory valuation method where goods purchased or produced first are sold, used, or disposed of first.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, ending with the net income or loss for the period.

Holding Gain

The increase in value of an asset held over a period, not realized until the asset is sold.