In which of the following ways would Adam Smith have most likely thought about the concept of a living wage?
a. Smith warned managers to only pursue the pursuit of profits within the law, so he
would likely have opposed a livable wage.
b. Smith warned managers not to negotiate wages below subsistence levels, so he
would likely have supported some version of a living wage.
c. Smith supported regulation by the government of worker’s welfare, so he would have supported a livable wage.
d. Smith felt that high bargaining power on the part of workers was damaging to
competition, and so he would have opposed a livable wage.
b. Smith warned managers not to negotiate wages below subsistence levels, so he
would likely have supported some version of a living wage.
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Indicate whether the statement is true or false
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When there is an uncertainty surrounding the financial statements, the auditor may still be able to give an unqualified opinion
a. True b. False Indicate whether the statement is true or false