Which of the Following Statements Is Not Correct

question 86

Multiple Choice

Which of the following statements is not correct?

• A)An advantage of the Earned Income Tax Credit (EITC) is that it targets the working poor better than the minimum wage because it does not benefit teenagers from middle-class families who work summer jobs at the minimum wage.
• B)A disadvantage of in-kind transfer programs such as food stamps is that they force recipients to purchase from a restricted set of items which may not include things that the poor need the most such as diapers or cleaning supplies.
• C)A disadvantage of minimum wage laws is that they are expensive for state and local governments to fund.
• D)Effective minimum wage laws create a surplus of labor.

Identify differences between activity-based costing and traditional costing methods.

Analyze the impact of activity-based costing on product costings and decision-making.

Estimate manufacturing overhead using traditional and activity-based costing methods.

Apply activity-based costing principles to real-world manufacturing scenarios.

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Definitions:

E.E.O.

Equal Employment Opportunity, a policy ensuring all individuals have equal chances for employment, regardless of gender, age, race, religion, or other non-merit factors.

Unemployment Compensation

Financial assistance provided to individuals who have lost their job and meet certain eligibility requirements.

State Governments

The governing bodies of individual states within a federation, responsible for local lawmaking, public services, and policy enforcement.

Federal Government

The national government of a federated state, which holds the authority over and responsibility for the entire country.