Although It Is Illegal for Employers to Forbid Employee Discussions

question 23

True/False

Although it is illegal for employers to forbid employee discussions of pay, keeping pay secret is the norm in many U.S. organizations.

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Definitions:

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Conversion Costs

The costs required to convert raw materials into finished products, which include labor costs and manufacturing overhead.

Direct Costs

Costs that can be directly traced to the production of specific goods or services, such as raw materials and direct labor.

Uncontrollable

Refers to factors or costs that cannot be controlled or influenced by the management or operations of a business.