The Labor Force Is Defined as

question 388

Multiple Choice

The labor force is defined as

• A) workers with jobs and unemployed workers.
• B) people with full time jobs.
• C) all people capable of work.
• D) All of the above answers are correct.

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Definitions:

Spare Plant Capacity

The additional production capacity available in a facility that is not currently being used, allowing for increased output without significant new investment.

Operational Hours

The hours during which a business or service is operational and open to customers.

Capacity Management

The process of planning and controlling the resources needed to meet product demand while maximizing operational efficiency.

Subcontracting

This refers to the practice of assigning or outsourcing part of the obligations and tasks under a contract to another party known as a subcontractor.