If the Labor Force Is 200 Million and 4 Million

question 90

Multiple Choice

If the labor force is 200 million and 4 million are unemployed then the employment rate is

• A) 4%.
• B) 6%.
• C) 96%.
• D) 98%.

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Definitions:

Socioeconomic Management

involves the integration of social and economic considerations into the planning, decision-making, and management processes of an organization to address broader societal challenges.

Quantitative Management

A management approach that focuses on using mathematical models, statistics, and numerical techniques to support decision-making processes.

Classical Management

A theory of management that emphasizes rationality, efficiency, and formal organizational structure over personal or informal practices.

Frank and Lillian Gilbreth

Pioneers in the field of industrial engineering, known for their work in time and motion studies and efficiency improvement.