According to the Text, Which Statement Best Describes Nonstandard Jobs

question 85

Multiple Choice

According to the text, which statement best describes nonstandard jobs?

• A) They are for nonstandard workers whose jobs are permanent and well paid.
• B) They are manufacturing-type jobs that exist in a predominantly service economy.
• C) They provide part-time, seasonal or temporary employment, and outsourcing jobs.
• D) They are jobs that do not fit into the major categories of work, such as hang-glider.

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Definitions:

Inventory Destroyed

Inventory destroyed refers to stock that has been lost, damaged beyond repair, or otherwise rendered unsellable, and must be written off as a loss.

Perpetual Inventory System

A continuous tracking method for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

LIFO

Last In, First Out, an inventory accounting method where the last items placed in inventory are the first ones to be used or sold.

Ending Inventory

Products' value that is available for transaction at the culmination of an economic period.