Refer to the Following Information: the Small Town of East

question 23

Multiple Choice

refer to the following information: The small town of East MacNeil has 1000 residents age 16 or older. During the survey week, 200 adult residents did not work—20 workers were home sick from their jobs, 10 shopkeepers were unable to open their stores due to bad weather, 50 were actively seeking work, 25 others had previously given up actively looking, and the others were either full-time students or home-makers. Of the 800 at work, 80 worked part-time but would have preferred full-time work.
-The size of the labor force in East MacNeil is:

• A)800 persons
• B)850 persons
• C)880 persons
• D)1000 persons

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Definitions:

Future Event

A future event is an occurrence or situation that is expected or anticipated to happen at a later date, which can impact financial planning and decisions.

Current Liabilities

Obligations or debts that a company is expected to pay within one year or within its normal operating cycle, whichever is longer.

Balance Sheet

A summary report detailing a firm's assets, liabilities, and equity of shareholders at a certain time.

Sales Manager

An individual who directs an organization's sales team, oversees its operations, and strives to achieve sales targets through planning and implementing sales strategies.