Table 20-4 -Refer to Table 20-4.What Is the U-5 Measure of Labor

question 273

Multiple Choice

Table 20-4

-Refer to Table 20-4.What is the U-5 measure of labor underutilization?

• A) 7.5 percent
• B) 7.9 percent
• C) 8.1 percent
• D) 26 percent

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Definitions:

Inseparability

A characteristic of services indicating that they are produced and consumed simultaneously, and cannot be separated from their providers.

Intangibility

A characteristic of services that means they cannot be seen, touched, tasted, or easily quantified before they are purchased.

Perishable Nature

A characteristic of goods that have a limited lifespan and deteriorate or lose value over time, such as food products or live plants.

Inventory

The total amount of goods or materials held in stock by a business, including raw materials, work-in-progress, and finished goods.