The Employment Rate Equals the Number of

question 12

Multiple Choice

The employment rate equals the number of

• A) employed persons divided by the number of unemployed persons.
• B) unemployed persons divided by the civilian non-institutional population.
• C) employed persons divided by the civilian labor force.
• D) employed persons divided by the civilian non-institutional population.
• E) none of the above

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Definitions:

Delivery Expense

The costs incurred by a business to transport its goods to the customer, often treated as a direct or indirect expense depending on the nature of the expense allocation.

Expense Account

An accounting account that tracks money spent or costs incurred in a business entity's operation.

Perpetual Inventory System

An inventory management accounting method that instantly documents transactions of buying or selling inventory via computerized point-of-sale systems and enterprise asset management applications.

Merchandise Inventory

The total cost of all goods that are available for sale during a certain period, including purchases and adjustments for returns or damages.