Which of the Following Is Not Correct

question 27

Multiple Choice

Which of the following is not correct?

• A)Frictional unemployment results from the process of matching workers and jobs.
• B)Structural unemployment results when the number of jobs is insufficient for the number of workers.
• C)Minimum wages are the predominant reason for unemployment in the U.S.economy.
• D)When a minimum-wage law forces the wage to remain above the level that balances supply and demand,it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

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Definitions:

Costs Added

Costs added refer to the additional expenses incurred during a production process or business operation, which were not part of the initial cost estimates.

Units Transferred Out

In process costing, the total units moved from one production process or department to the next or to finished goods.

Weighted-Average Method

The process of assessing the cost of goods sold alongside the remaining inventory's value by averaging the costs of all for-sale units during the designated period.

Equivalent Unit

A metric employed in cost accounting to denote the extent of completed work on units that are not yet finished, expressed as an equivalent number of totally completed units.