The Labor Force Consists of

question 105

Multiple Choice

The labor force consists of

• A)the number of people who are employed.
• B)the number of people who unemployed and who are actively seeking work.
• C)the number of people in the working-age population who are employed or unemployed.
• D)all people in the population aged 16 and over who are not in jail,a hospital,or an institution or in the U.S.Armed Forces.
• E)the number of people who are employed minus the number of the people who are unemployed.

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Definitions:

Cost Pool

A grouping of individual costs, typically by department or service center, from which cost allocations are made.

Cost Objects

Any item for which costs are separately measured and tracked, including products, services, projects, or activities.

Cost Allocation

The process of assigning indirect costs to different products, services, or business units within a company, typically using a logical allocation base.

Cost Distribution

The process of assigning or allocating an organization's costs to specific cost objects, such as products or departments.