Between 2002 and 2014 the Number of Workers Employed in Construction

question 81

True/False

Between 2002 and 2014 the number of workers employed in construction fell while the number of workers employed in food services rose.

---

Definitions:

Cash Payments

Outflows of cash to settle obligations or purchase goods and services as part of business operations.

Accounts Payable Turnover Ratio

A financial metric used to analyze how quickly a company pays off its suppliers by comparing net credit purchases to the average accounts payable during a period.

FICA

The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare programs.

Social Security

A government program that provides financial benefits to retirees, disabled workers, and their families.