-Refer to Table 6

question 108

Multiple Choice

-Refer to Table 6.4. The labor- force participation rate equals:

• A) 3.7%.
• B) 83.5%.
• C) 66.6%.
• D) 3.1%.

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Definitions:

Conforming Goods

Merchandise or products that meet the specifications and standards outlined in a purchase contract.

Acceptance

A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer. Also, the acknowledgment of the drawee that binds the drawee to the terms of a draft.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Title

Legal ownership of property, evidenced by a document or record.