As Job Opportunities for Women and the Wages Those Jobs

question 3

Multiple Choice

As job opportunities for women and the wages those jobs pay have increased,the opportunity cost of doing housework has ________,so many families have chosen to hire specialists in households chores,such as cleaning services and lawn care services,because the cost of these specialists is ________ than the cost of the wife (or husband) performing those chores.

• A)increased; higher
• B)increased; lower
• C)decreased; higher
• D)decreased; lower

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Definitions:

Sales Collection

The process of retrieving payment for goods or services provided, typically managed through invoicing and accounts receivable procedures.

Operating Cycle

The period between the acquisition of inventory and the collection of cash from receivables, indicating the efficiency of a company's operations.

Inventory Period

The duration of time goods remain in inventory before being sold.

Accounts Receivable Period

The accounts receivable period is the average time it takes for a business to receive payments owed by its customers for goods or services sold on credit.