From 1974 to 2015,as the Nominal Minimum Wage Rose from $2

question 171

True/False

From 1974 to 2015,as the nominal minimum wage rose from $2 to $7.25,the real value of the minimum wage fell.

---

Definitions:

Operating Activities

Operating activities refer to the day-to-day operations of a business that generate revenue and incur expenses, impacting the company's cash flow.

Accounts Receivable

Monetary amounts owed to a company by its customers for goods or services provided on credit.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, not necessarily aligning with the calendar year.