Over the Next Few Years,employers May Face a Severe Labor

question 17

Multiple Choice

Over the next few years,employers may face a severe labor shortage because ________.

• A) there are fewer people entering the workforce than there are retiring baby boomers
• B) one-third of single mothers are not employed in the U.S. labor force
• C) younger workers lack the values and knowledge of their parents
• D) there are too many nontraditional workers holding multiple jobs
• E) older employees are more family-centric than younger employees

---

Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Payable

The amount a company owes to suppliers or vendors for goods or services received but not yet paid for.

Common Stock

Equity securities that represent ownership interests in a corporation, providing voting rights and potential dividends to shareholders.

Recording Process

The systematic method of documenting business transactions in the accounting records in a chronological order.