The ________ Is the Number of Unemployed Divided by the Labor

question 46

Multiple Choice

The ________ is the number of unemployed divided by the labor force and the ________ is the labor force divided by the adult population.

• A)unemployment rate; employment rate
• B)unemployment rate; employment ratio
• C)unemployment ratio; participation rate
• D)discouraged worker ratio; employment rate

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Definitions:

Interim Financial Statements

Financial reports covering a period shorter than a fiscal year, often quarterly, used to give an update on a company's financial health.

Overapplied Factory Overhead

The amount of factory overhead applied in excess of the actual factory overhead costs incurred for production during a period.

Balance Sheet

An account that outlines the assets, liabilities, and equity of shareholders of a company on a particular date.

Job Order Cost Accounting Systems

An accounting system that accumulates costs individually for each job. It is used when products are made based on specific orders.