The Labor Force Participation Rate Is the Number of People

question 100

Multiple Choice

The labor force participation rate is the number of people in the labor force divided by the number of people in the country who are of working age and not institutionalized.The BLS reported in February 2012 that the labor force participation rate in the United States was 63.7% (Calculatedrisk.com) .A marketing company asks 120 working-age people if they either have a job or are looking for a job,or,in other words,whether they are in the labor force.What is the probability that between 60% and 62.5% of those surveyed are members of the labor force?

• A) 0.0243
• B) 0.1931
• C) 0.2005
• D) 0.3936

Understand the principles of span of control within an organizational hierarchy.

Appreciate the role of functional design in fostering skill specialization and technical decision-making.

Acknowledge the impact of organizational design on resource allocation and conflict management.

Identify the various parts of the pharynx and distinguish which are not part of it.

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Definitions:

Working Well

A state of functioning effectively and efficiently with good results or outcomes, often used in the context of organizational or machinery performance.

Behalf

In favor of or representing someone else; acting as an agent for someone.

Work Ethic

A set of values based on the virtues of hard work and diligence.

Approved Uniform

A standardized set of clothing officially recognized and mandated by an organization or institution for its members or employees.