Which of the Following Statements Is False

question 78

Multiple Choice

Which of the following statements is false?

• A) The sum of the unemployment rate and the employment rate always equals 100 percent.
• B) The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population.
• C) The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population.
• D) a and b
• E) a, b and c

---

Definitions:

Margin

Net operating income divided by sales.

Turnover

Sales divided by average operating assets.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process by comparing the value-added production time to the total production time.

Non-value-added Time

Time spent in the production process that does not contribute to the end product's value or quality, often targeted for reduction in lean manufacturing practices.