The Labor Force Is Defined as the

question 242

Multiple Choice

The labor force is defined as the

• A) number of people in blue-collar jobs.
• B) number of people over 16 years of age.
• C) sum of employed and unemployed people.
• D) number of people who are working.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in order to bring new products, services, or ideas to the market.

Ambiguity

The quality of being open to more than one interpretation; vagueness or uncertainty.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.

Strategic Standpoints

Positions or perspectives taken with the intention of achieving long-term goals or objectives.