Which of the Following Would NOT (Even If True)explain Why

question 34

Multiple Choice

Which of the following would NOT (even if true) explain why wages rise with job tenure?

• A) Workers become more productive the longer they are with the firm.
• B) Over time, the firm is able to dismiss less productive workers.
• C) Workers acquire more specific human capital the longer they are with the firm.
• D) Starting with a lower wage and then letting wages rise with job tenure reduces the present value of wages paid to a worker by an employer.

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Definitions:

AICPA

Stands for American Institute of Certified Public Accountants, a professional organization for Certified Public Accountants (CPAs) in the United States.

SEC

The U.S. Securities and Exchange Commission, the federal agency responsible for enforcing federal securities laws and regulating the securities industry.

FASB

stands for the Financial Accounting Standards Board, which is responsible for establishing accounting and financial reporting standards in the United States.

Total Liabilities

The combined debts and obligations that a company owes to outside parties at any given time.