The Percentage of Workers Who Work Part Time for Noneconomic

question 284

Multiple Choice

The percentage of workers who work part time for noneconomic reasons

• A)decreases during a recession as the number of discouraged workers increases.
• B)does not fluctuate much at all with the business cycle.
• C)fluctuates strongly with the business cycle.
• D)has decreased from 30 percent of the labor force in 1980 to 20 percent in 2011.
• E)has trended upward since 1980.

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed by the buyer under specified circumstances, like returns or discounts.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Owner's Drawings

The amount of money taken from the business by the owner for personal use, not considered a business expense.

Sales Revenue

A company's total income from product sales or service charges prior to the deduction of any operational expenses.