Wendy's Hourly Wage Decreases from $15 to $12

question 70

Multiple Choice

Wendy's hourly wage decreases from $15 to $12.Which of the following describes a consequence of the decrease in Wendy's wage?

• A) The opportunity cost of Wendy's leisure time has decreased.
• B) Wendy may choose to work more hours due to the decrease in her wage.
• C) Wendy may choose to work fewer hours due to the decrease in her wage.
• D) All of the above are correct.

---

Definitions:

Clean Audit Opinion

An auditor's statement that a company's financial statements are accurate, fair, and in accordance with accounting standards.

Unmodified Opinion

An auditor's report that concludes the financial statements of an entity are fairly and appropriately presented, without any identified exceptions.

Unusual Items

Refers to uncommon or rare transactions that are not expected to occur frequently within the normal course of business.

Accounting Principles

Fundamental guidelines or rules that form the basis for accounting practices, such as relevance, reliability, comparability, and consistency.