The Working-Age Population Can Be Divided into Two Groups

question 20

Multiple Choice

The working-age population can be divided into two groups:

• A)those who are employed and those who are unemployed.
• B)those in the labour force and discouraged workers.
• C)those who work full time and those who work part time.
• D)those in the labour force and those not in the labour force.
• E)those who are over the age of 15 and those who are under the age of 15.

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Definitions:

Just-In-Time Inventory

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Inventory Levels

A measure of the quantity of goods and materials on hand in a business at any given time.

Planning

The process of defining goals, establishing strategies, and outlining tasks and schedules to achieve the goals.

Human Resources

The department within a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.