Most of the State and Local Government Employees Are in What

question 178

Multiple Choice

Most of the state and local government employees are in what area?

• A) health care
• B) education
• C) administration
• D) highways

---

Definitions:

Accounts Payable

Accounts payable represent a company's obligation to pay off a short-term debt to its creditors or suppliers, often arising from the purchase of goods or services on credit.

Merchandise Inventory

The value of a company's commodities or goods available for sale to customers at any given time.

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis, not continuously, often used in smaller businesses.

Purchases Returns and Allowances

Transactions where a buyer returns goods to the supplier or receives a reduction in the purchase price, reducing the amount owed to the supplier.