If the Number of People Classified as Unemployed Is 10,000

question 175

Multiple Choice

If the number of people classified as unemployed is 10,000 and the number of people classified as employed is 300,000, what is the unemployment rate?

• A) 3.2%
• B) 3.0%
• C) 2.4%
• D) 1.5%

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Definitions:

Scientific-Management Approach

A theory of management that analyzes and synthesizes workflows with the objective of improving labor productivity and economic efficiency.

Human-Relations Approach

A management theory emphasizing the importance of understanding human behavior, social needs, and group dynamics within the workplace.

Theory X

A management style that assumes employees are inherently lazy and require strict supervision and control.

Work Place

The physical location where someone is employed or where work is done.