Match the Definition to the Correct Term

question 188

Multiple Choice

Match the definition to the correct term
-Workforce made up of part-time, temporary, contract employees, and freelance and on-call workers

• A)Underemployed
• B)Contingent work
• C)Teleworking/telecommuting
• D)Primary labor market
• E)Secondary labor market
• F)Seasonal unemployment
• G)Cyclical unemployment
• H)Structural unemployment

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Definitions:

Ending Inventory

Ending inventory is the total value of all unsold goods a company has at the end of an accounting period, calculated before the new fiscal period begins.

Retail Method

An accounting method used to estimate the ending inventory and cost of goods sold based on the retail price of merchandise.

Estimated Cost

An approximation of the financial outlay required to complete a project, acquire a service, or purchase goods, often used in budgeting and planning.

Inventory

A company's inventory of products and materials, accumulated for selling or using in production.