Table 15-1
Labor Data for Aridia -Refer to Table 15-1

question 161

Multiple Choice

Table 15-1
Labor Data for Aridia
$$\begin{array} { | l | c | c | c | } \hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\\hline \text { Adult population } & 2000 & 3000 & 3200 \\\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \\\hline \text { Number of unemplayed } & 200 & 600 & 200 \\\hline\end{array}$$
-Refer to Table 15-1. The unemployment rate of Aridia in 2010 was

• A)10%.
• B)12.5%.
• C)14.3%.
• D)80%.

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Definitions:

Budgeted Sales

Projected sales figures for a given period, often used for planning and forecasting purposes within a business.

Credit Sales

Transactions where the payment for the goods or services sold is to be made at a later date.

Finished Goods Inventory

Unsold inventory of products that are ready for the market.

Raw Materials Inventory

The total cost of all components and materials held by a company that are intended to be used in the production process.