When a Small Retail Chain Hires an Accountant to Do

question 195

Multiple Choice

When a small retail chain hires an accountant to do its income taxes,the retail chain would have purchased a(n)

• A)ancillary service.
• B)industrial service.
• C)specialty service.
• D)accessory service.
• E)contractual service.

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Definitions:

Non-Unionized Industries

Sectors of the economy where the workforce is not part of a labor union or covered by a collective bargaining agreement.

Recession

A phase of short-term economic downturn marked by decreased business and manufacturing operations, typically recognized by a decline in Gross Domestic Product for two consecutive quarters.

Efficiency-Wage Theory

The concept that employers may pay a higher wage than the market equilibrium to increase worker productivity, loyalty, and satisfaction, thereby reducing turnover and shirking.

Labor Unions

Organizations that represent workers in negotiations with employers over wages, working conditions, and benefits to protect their rights and interests.