The Labor Force in an Economy Consists of All _____

question 179

Multiple Choice

The labor force in an economy consists of all _____

• A) the people in the economy who are not retired.
• B) the people in the economy over 16 years of age.
• C) the adults in the economy between 18 and 65 years of age who are able to work.
• D) civilian noninstitutional adult population older who are either working or looking for work.
• E) the noninstitutional adult population who are graduates of high school.

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Definitions:

Organizational Control Systems

Mechanisms put in place by a business to monitor, manage, and steer the organization toward its strategic objectives.

Strategies and Plans

Strategies and plans entail the deliberate actions and roadmaps that organizations or individuals set to achieve specific long-term objectives and goals, including the allocation of resources and timelines.

Evaluation-reward System

A structured process where an organization assesses the performance of its employees and provides rewards based on the outcomes, aiming to motivate and increase effectiveness.

Organizational Control Systems

Mechanisms established within an organization to ensure that actions and outputs align with the goals and standards set by management.