Which of the Following Is True of the Labor Force

question 67

Multiple Choice

Which of the following is true of the labor force participation rate?

• A)When workers become unemployed,the labor force participation rate declines.
• B)When the unemployed become discouraged workers,the labor force participation rate declines.
• C)When workers do not fully use their skills,the labor force participation rate decreases.
• D)Since the 1950s,the labor force participation rate of women has decreased in the United States.
• E)The trend toward earlier retirement has increased the labor force participation rate in the United States.

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Definitions:

Direct Labor Costs

Expenses associated with the wages of employees who are directly involved in the production process of goods or services.

Indirect Labor Costs

Costs associated with employees who do not directly work on a product, but whose services are necessary for the production process.

Job Cost Sheets

Documents that track the direct and indirect costs associated with a specific job or project, helping in assessing its profitability.

Work in Process Inventory

An accounting term for the partially finished goods or materials that are in various stages of the production process.