Workers Whose Skills Become Obsolete as a Result of Technological

question 211

Multiple Choice

Workers whose skills become obsolete as a result of technological change are often paid a lower wage as a result of

• A)natural ability.
• B)geographic location of employment.
• C)chance.
• D)work effort.

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Definitions:

Merchandiser's Net Income

The profit realized by a merchandising company after subtracting all of its operational expenses and cost of goods sold from its total revenue.

Key Components

Essential parts or elements that make up a larger system or process.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets.

Company's Liquidity

The ability of a company to meet its short-term financial obligations by quickly converting assets into cash without significant loss.