The Employment- To- Population Ratio Is Equal to 100 Multiplied

question 173

Multiple Choice

The employment- to- population ratio is equal to 100 multiplied by the number of

• A) unemployed people divided by the total population.
• B) employed people divided by the working- age population.
• C) unemployed people divided by the working age population.
• D) employed people divided by the total population.

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Definitions:

Variable Selling Expenses

Costs that fluctuate with the level of sales, such as commissions or shipping fees.

Variable Administrative Expenses

Expenses that vary with the level of business activity, such as sales commissions or supply costs.

Fixed Selling Expenses

Costs associated with selling that do not change with sales volume, including salaries of sales staff and advertising expenses.

Gross Margin

The difference between sales revenue and the cost of goods sold, divided by revenue, expressed as a percentage.