The Principle of "Comparable Worth" Asserts That People with Comparable

question 182

Multiple Choice

The principle of "comparable worth" asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay.If this principle were to become law, it would tend to

• A)reduce the problem of the "cost disease of services."
• B)exacerbate the problem of the "cost disease" of the service sector.
• C)be irrelevant to the "cost disease" problem.
• D)eliminate the problem of externalities.

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Definitions:

LIFO Perpetual

A perpetual inventory system method that assumes the last items added to inventory are the first ones sold, under the Last-In, First-Out principle.

Inventory Value

The total cost of all the items held by a company for resale or production purposes, calculated at a specific point in time.

Cost of $200

A set expense value amounting to two hundred dollars.

Periodic LIFO

An inventory valuation method that uses the Last In, First Out principle during a set period, assuming the most recently acquired items are sold first.