The Labor Force Is Best Defined as the Part of the

question 13

Multiple Choice

The labor force is best defined as the part of the

• A) population that is working or capable of working.
• B) adult population that is working.
• C) adult population that is either working or actively looking for a job.
• D) population that is working, looking for a job, or capable of working.

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Definitions:

Cost Per Unit

The total expense incurred in manufacturing or acquiring a product divided by the number of units.

Purchased

Acquired in exchange for money or its equivalent; obtaining ownership of a good or service.

Days' Sales

A financial ratio that measures the average time it takes a company to convert its inventory into sales.

Ending Inventory

The total value of all inventory, including raw materials, work-in-progress, and finished goods, held by a company at the end of an accounting period.