Which Term Refers to All People Willing and Able to Work

question 59

Multiple Choice

Which term refers to all people willing and able to work?

• A) Labour force
• B) Internal labour force
• C) External labour market
• D) Knowledge workers
• E) Passive labour force

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Definitions:

Days' Sales

A financial ratio that indicates the average time in days that a company takes to turn its inventory into sales.

Inventory

The raw materials, work-in-progress goods, and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Source Of Cash

Refers to the origins of funds for a business or individual, such as operations, financing activities, or investment returns.

Asset Account

This refers to any account on a company's balance sheet that represents a tangible or intangible resource owned by the company that has economic value.