Which of the Following Is Correct

question 10

Multiple Choice

Which of the following is correct?

• A)The labor-force participation rate of women has increased in part due to smaller families.
• B)The labor-force participation rate of men has decreased in part due to men retiring younger and living longer.
• C)Both a and b are correct.
• D)Neither a nor b is correct.

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Definitions:

Cost of Merchandise

The total expense incurred by a business to buy or produce the goods it has sold during a specific period.

Credit Memo

A Credit Memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller, typically due to a return or an overpayment.

Perpetual Inventory

A system for managing inventory that instantly logs inventory sales or purchases via computerized point-of-sale systems and software for enterprise asset management.

Freight

The charge paid for transport of goods, typically either by land, sea, or air.