Suppose That All Workers Value a 1 Percent Reduction in the Workplace

question 98

Multiple Choice

Suppose that all workers value a 1 percent reduction in the workplace injury rate at $1,000 per year. The cost of reducing the injury rate by 1 percent is $200 per year for each worker. Firms currently pay $20,000 per year to workers, without any effort to improve safety. If new firms began to offer workers $19,500 and a 1 percent reduction in the injury rate, then the total annual cost of hiring a worker would be ______ at the new firms and ______ at the existing firms.

• A)$19,500; $20,000
• B)$18,500; $20,000
• C)$19,500; $19,800
• D)$19,700; $20,000

Recognize correct possessive forms in sentences.

Understand the correct format for stating times.

Understand the rules of proper capitalization in English.

Identify the correct capitalization of historical periods and events.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing the value of the brand, customer base, and other non-tangible assets.

Equipment Account

An account used in bookkeeping to track the purchase and depreciation of equipment over time.

Unamortized Patent

The portion of a patent's cost that has not yet been expensed through amortization, representing an intangible asset on the balance sheet.

Adjustment Necessary

Refers to the modifications required to correct or update financial records or statements to ensure accuracy and compliance with accounting principles.