Inventories Refer to

question 221

Multiple Choice

Inventories refer to

• A)goods which have been presold before they are produced.
• B)goods that have been produced but not yet sold.
• C)goods that have been planned but not yet produced.
• D)goods that have been produced and sold in the same year.

---

Definitions:

Real Wage Rates

Real wage rates refer to the wages received by workers adjusted for inflation, indicating the purchasing power of the income earned.

Fringe Benefits

Fringe benefits are additional compensation provided to employees beyond their regular salary or wages, which can include health insurance, retirement benefits, paid vacations, and more.

Work Stoppages

The cessation of work by workers, often collectively, to protest working conditions, wages, or other labor disputes.

Strikes

Work stoppages initiated by employees as a form of protest, typically aimed at gaining better wages, hours, benefits, or working conditions.