Which of the Following Statements About Sweatshop Labor Is Correct

question 20

Multiple Choice

Which of the following statements about sweatshop labor is correct?

• A)Sweatshop labor has been eliminated in Europe and America.
• B)Sweatshop laborers are rarely subject to psychological or verbal abuse.
• C)Western economists agree that sweatshops are generally good for developing countries,even though the conditions are challenging.
• D)America and European nations made extensive use of sweatshop labor in the past.
• E)Western economists agree that most attempts to end sweatshop labor harm the very people they are aimed at helping.

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Definitions:

Deferral Adjusting Entry

An accounting entry made to defer revenue or expense to a future period.

Unearned Revenue

Money received by a business for services or products yet to be delivered or completed.

Interest Revenue

Income earned from lending funds or investing in interest-bearing financial instruments.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.