Labor Has a Rather High Level of Inertia Due to

question 5

Multiple Choice

Labor has a rather high level of inertia due to

• A) people are reluctant to leave familiar places.
• B) people will sit out short periods of unemployment or accept lower wages.
• C) unemployment payments.
• D) all of the above contribute to labor's inertia.
• E) none of the above contribute to labor's inertia.

---

Definitions:

Unadjusted Trial Balance

A listing of all accounts in the general ledger with their balances before any adjustments are made for the end of the accounting period.

Drawing Account

A drawing account is used to track the money or goods withdrawn by the business owner for personal use from the business.

Net Loss

The amount by which total expenses exceed total revenues in a business, indicating a negative financial performance over a specific period.

Income Statement Columns

This refers to the structured segments in an income statement or profit and loss account, showing revenues, expenses, and profits or losses of an entity over a specific period.