A Virtual Company

question 15

Multiple Choice

A virtual company

• A) uses the capabilities of other companies without being physically tied to those companies.
• B) uses Internet technology to maintain a virtual storefront.
• C) uses Internet technology to maintain a networked community of users.
• D) provides entirely Internet-driven services, or virtual products.

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Definitions:

Labor Force

The total number of people who are eligible and actively looking for work, including both the employed and unemployed individuals.

Discouraged Workers

Individuals who are not actively seeking employment due to believing that no jobs are available for them or there are none for which they would qualify.

Unemployment Insurance

A government-provided benefit offering temporary financial assistance to workers who have lost their jobs through no fault of their own.

Deflation

A decrease in the general price level of goods and services in an economy over a period, leading to increased purchasing power of the currency.