Suppose That Grocery Clerks and Nurses Are Not Unionized

question 156

Multiple Choice

Suppose that grocery clerks and nurses are not unionized.If the nurses unionize then

• A)the wages of both grocery clerks and nurses rise.
• B)the wages of both grocery clerks and nurses fall.
• C)the wages of grocery clerks rise and the wages of nurses fall.
• D)the wages of nurses rise and the wages of grocery clerks fall.

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Definitions:

Current Liability

A company's debts or obligations that are due to be paid to creditors within one year.

Note Payable

An obligation in the form of a written promissory note requiring the borrower to repay the lender a specific sum of money on demand or at a predetermined date.

Interest Payable

This is the amount of interest expense that has accumulated but not yet been paid by a company.

Treasurer's Department

The treasurer's department is responsible for managing a company's financial assets, including cash flow, investments, and corporate financing.