If We Subtract the Number of Persons Not in the Labor

question 44

Multiple Choice

If we subtract the number of persons not in the labor force from the civilian noninstitutional population,we get the number of people in the

• A) ranks of the unemployed.
• B) civilian labor force.
• C) ranks of the employed.
• D) ranks of discouraged workers.
• E) none of the above

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Definitions:

Direct Labor

The cost associated with labor directly involved in the production of goods or services.

Indirect Labor

Labor costs of employees who do not work directly on a product but whose services are necessary for the manufacturing process, including maintenance and supervision staff.

Production Activity

The operations involved in the manufacturing of goods, including tasks from raw material processing to the final product assembly.

Physical Flow

The movement of goods and materials through a production process or supply chain.