A New Law Requiring Plumbers to Pass Strict Certification Tests

question 78

Multiple Choice

A new law requiring plumbers to pass strict certification tests that reduce the number of plumbers would

• A) increase the wage rate of plumbers.
• B) decrease the wage rate of plumbers.
• C) increase the employment of plumbers.
• D) cause no change in the labor market for plumbers.

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Definitions:

Splitting Commissions

The act of dividing sales commissions among multiple salespersons or brokers who were involved in facilitating a sale or transaction.

Ethical Behavior

Conduct based on recognized principles of right and wrong, guiding individuals to act in morally responsible ways, especially in professional settings.

Sales Force

A group of employees within a company responsible for selling the company's products or services.