Over the Next Few Years, Employers May Face a Severe

question 26

Multiple Choice

Over the next few years, employers may face a severe labor shortage because ________.

• A) there are fewer people entering the job market than there are retiring baby boomers
• B) one-third of single mothers are not in the labor force
• C) people are living longer
• D) All of the above.

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Definitions:

Straight-Line Amortization

An alternative method of amortizing bond discounts and premiums that allocates an equal dollar amount to each interest period. It is only permitted by GAAP under specific circumstances.

Bond Payable

A long-term liability representing money owed by a company to bondholders, to be repaid at a certain date.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting that is not necessarily aligned with the calendar year.

Assumptions

Fundamental beliefs or statements taken for granted in the planning and decision-making process.