ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You can earn a higher wage rate by
A
building skills that are scarce in the labor market
B
working more hours each week
C
beginning a job immediately after high school
D
working for your family
Explanation: 

Detailed explanation-1: -As a factor of production, capital refers to the purchase of goods made with money in production.

Detailed explanation-2: -What is the difference between blue-collar and white-collar workers? Blue collar workers are members of the working class who typically perform manual labor and earn hourly wages. White collar workers are salaried professionals or an educated worker that normally does not perform manual labor.

Detailed explanation-3: -Which of the following illustrates the structure of a corporation from top to bottom? vertical merger.

There is 1 question to complete.