Credential Inflation Results from

question 18

Multiple Choice

Credential inflation results from

• A)a combination of cost-push inflation and demand-pull inflation.
• B)rigidities in the industrial sector.
• C)the need to select from among qualified applicants in the modern sector.
• D)all of the above.

---

Definitions:

Monthly Unit Sales

The number of units of a product sold in a particular month.

Break-even Point

The financial state in which total revenues equal total expenses, and there is no profit or loss.

Variable Cost

Costs that vary directly with the level of production or the volume of services provided.

Fixed Expense

Costs that remain unchanged over a specified period despite variations in business activity levels, such as lease payments or salaries for permanent staff.