Occupational Wage Rates Tied to a Point Scale That Weighs

question 33

Multiple Choice

Occupational wage rates tied to a point scale that weighs different jobs in terms of criteria such as accountability,knowledge and skills,mental demand,and working conditions reflects the doctrine of

• A) comparative advantage.
• B) comparable worth.
• C) crowding out.
• D) consumer surplus.
• E) conscious parallelism.

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Definitions:

Trend Analysis

A type of horizontal analysis that deals with percentage changes in items on the financial reports for several years. This analysis uses a base year to calculate the percentage change of each item.

Gross Profit

The financial metric representing the difference between revenue and the cost of goods sold, before accounting for other expenses.

Vertical Analysis

A financial statement analysis method where each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.

Cost Of Goods Sold

Refers to the total expense directly related to the production of goods or services a company sells.