Most College Professors Have Tenure,which Makes It Very Hard to Fire

question 42

Multiple Choice

Most college professors have tenure,which makes it very hard to fire them.What is the effect of tenure on the academic job market?

• A) It makes it more likely the wages of tenured professors will reflect their productivity.
• B) It makes it more likely that professors will be well matched to the institutions they teach in.
• C) It reduces the job mobility of tenured professors.
• D) It increases the professors' willingness to invest in teaching.

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Definitions:

Journal Entry

A record in the accounts of a business, documenting a financial transaction with both debit and credit parts.

Direct Labor Costs

Expenses associated directly with the manufacturing of a product, including wages of workers actually making the product.

Indirect Labor Costs

Costs associated with employees who do not directly work on the product but are necessary for the manufacturing process.

Work in Process

Inventory consisting of items that are in the process of being manufactured but are not yet complete.