The Contingency Table Below Represents Employees of a Communications Company

question 56

Essay

The contingency table below represents employees of a communications company classified by age and field of expertise. Fill in the missing entries.
​ $$\begin{array} { | l | c | c | c | c | } \hline & \text { Under } \mathbf { 3 5 } & \mathbf { 3 5 } - \mathbf { 4 4 } & \mathbf { 4 5 } + & \text { Total } \\\hline \text { Engineering } & 7,635 & 7,875 & 6,429 & \mathbf { 2 1 , 9 3 9 } \\\hline \text { Business } & 13,195 & & & \mathbf { 3 8 , 8 1 4 } \\\hline \text { Education } & 4,802 & 5,143 & & \\\hline \text { Liberal Arts } & 10,377 & 10,440 & 11,010 & 31,827 \\\hline { \text { Total } } & \mathbf { 3 6 , 0 0 9 } & & \mathbf { 3 7 , 3 1 3 } & \mathbf { 1 1 0 , 4 0 5 } \\\hline\end{array}$$ ​

Distinguish between the various types of transactions and their impact on a company’s financial position.

Identify the characteristics of different forms of business entities.

Apply the business entity concept in various contexts.

Comprehend the function and structure of the four main financial statements.

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Definitions:

Nonunion Workers

Employees who are not members of a labor union and do not have their employment terms negotiated collectively.

Union Density

The ratio of workers who are union members to the total number of workers in a given region or sector, indicative of the strength and reach of labor unions.

Labor Law

A body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on, working people and their organizations.

Efficiency

In an economic context, the optimal allocation and use of resources to achieve the best possible output or outcome with minimal waste.