The Effect of Unions Tends to ____ Output in the Union

question 148

Multiple Choice

The effect of unions tends to ____ output in the union sector and ____ output in the non-union sector.

• A) increase; increase.
• B) increase; decrease.
• C) decrease; increase.
• D) decrease; decrease.

---

Definitions:

Unadjusted Trial Balance

A list of all the accounts and their balances from the general ledger before any adjusting entries are made.

Gross Profit

The difference between sales and the cost of goods sold.

Periodic Inventory Method

An accounting approach where inventory is physically counted at specific intervals to determine the cost of goods sold and ending inventory levels.

Beginning Inventories

Beginning inventories are the value of a company's inventory at the start of an accounting period, serving as a basis for determining the cost of goods sold.