The Abbreviation, FTE, Stands for _____________

question 39

Multiple Choice

The abbreviation, FTE, stands for _____________.

• A) full time employees
• B) full time equivalents
• C) frequently-used temporary employees
• D) foodservice training exams

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Definitions:

Quantity Demanded

The total amount of a good that consumers are willing and able to purchase at a specific price in a given period.

Economy Moves

The dynamic changes and shifts in economic activity, including growth, recession, and recovery phases, within a country or globally.

Supply

Refers to the total amount of a specific good or service that is available to consumers.

Excess Supply

A scenario in which the supply of a good or service available from sellers surpasses what buyers want to purchase at the existing price.