Which of the Following Groups Is Most Hurt by Unanticipated

question 326

Multiple Choice

Which of the following groups is most hurt by unanticipated inflation?

• A)Workers with cost of living adjustment clauses in their labor contracts.
• B)Social Security recipients.
• C)Workers who sign new work agreements every day.
• D)Wealthy people who hold much cash in their wall safes.

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Definitions:

Raw Materials Cost

The expense incurred by a company for the raw materials that are used in the manufacturing process to produce finished goods.

Budgeted Selling Price

The price at which a company plans to sell its products or services, often used in budgeting and financial forecasting.

Direct Labor-Hours

A quantification of the total hours spent by employees working directly on the production of goods or services.

Total Cash Collected

The sum of all cash received by a company during a specified period, including sales, accounts receivable collections, and other cash receipts.