Throughout the 1980s, accounting departments in U.S.universities were unable to fill many available faculty positions.This fact suggests that the salaries offered by these departments

Question

Quizplus · Accepted Answer

The fact that many accounting faculty positions were unfilled suggests that the salaries offered were below the market price for qualified accountants. If the salaries were competitive, there would have been more candidates willing to fill those positions. This is a basic supply and demand issue.

Throughout the 1980s, Accounting Departments in U