The Data Collected by the Bureau of Labor Statistics Have

question 47

Multiple Choice

The data collected by the Bureau of Labor Statistics have been criticized because

• A)part-time workers are not counted in the number of workers employed.
• B)discouraged workers are treated as part of the labor force.
• C)some workers who are not looking for work are included in the labor force.
• D)millions of people with make-work jobs are counted as employeD.

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Definitions:

Contra Revenue Account

An account used to record reductions in gross revenue, such as discounts, returns, and allowances.

Operating Expense

Refers to the costs associated with the day-to-day functions of a business, excluding costs related to production.

Credit Terms

Conditions under which a seller will extend credit to a buyer, including repayment periods and interest rates.

Merchandise Return

Occurs when customers return previously purchased products to the seller, typically resulting in a refund or store credit.