Match the Term with Its Definition

question 109

Multiple Choice

Match the term with its definition.
-A financial report showing the amount of profits or losses from a firm's operations over a given time period

• A)balance sheet
• B)debt
• C)debt ratio
• D)dividends
• E)income statement (profit and loss statement)
• F)interest expense
• G)mortgage
• H)operating expenses
• I)owners' equity
• J)retained earnings
• K)total asset turnover

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Definitions:

Domestic Unskilled Labor

Workforce within a country that does not require specialized skills, education, or training.

Fiscal Burden

The impact of government spending on the economy, particularly in terms of tax and debt implications.

Low-skilled Immigrant

An individual from another country who moves to a new country with low levels of formal education or specialized skills.

Unskilled Illegal Immigrants

Individuals without legal authorization to be in a country who possess limited to no specialized skills for work.