In a Country with a Working- Age Population of 30

question 98

Multiple Choice

In a country with a working- age population of 30 million, 20 million are employed, 2 million are unemployed, and 2 million of the employed are working part- time, half of whom wish to work full- time.The involuntary part- time rate is

• A)4.8 percent.
• B)4.5 percent.
• C)10 percent.
• D)0.5 percent.
• E)5 percent.

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Definitions:

Managerial Time

The allotment and management of time by individuals in managerial positions to achieve organizational objectives effectively.

Assignable Causes

Factors or variables that can be identified and controlled, explaining variations in a process or system.

Statistical Process Control

A method of quality control that uses statistical methods to monitor and control a process, helping to ensure that it operates at its full potential.

Nonrandom Problems

Nonrandom problems are issues or challenges that follow a predictable pattern, often caused by specific factors rather than occurring by chance.