When producers signal customers, advertising the product's price using mass media.
Communication that reaches a large audience through mass media can be spoken, broadcast, or written. This covers media such as radio, television, print and online newspapers and magazines, as well as advertising, movies, and the Internet. In the modern world, and especially in America, the media is a powerful influence.
People may experience terrible results including poverty, crime, violence, poor mental and physical health, and others as a result of the media's detrimental influence on society.
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net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement. A. True B. False
(a) Simon Co. generated $1,580 in net cash flow from operations for the fiscal year that ended on December 31, 2020.
(b) Option A is the right response.
(a) Creation of an extract of the statement of cash flows
Simon Co.
For the year ending December 31, 2020, provide an extract of the statement of cash flows.
Net income $840
Add: Depreciation and amortization expense 640
Decrease in Accounts receivable 90
Increase in Income taxes payable 70
Less: Increase in Inventory 40
Decrease in Accounts payable 20
Net cash flows from operating activities $1,580
(b) Timing and recognition play a large role in the difference. Investors can assess the financial strength of a firm using the cash flows from operations, which is a useful tool. Since non-cash elements are subtracted from net income and changes in working capital, including current assets and current liabilities, are taken into account, this component of the cash flows is known as the cash version of net income.
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Full question is -
The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement For the Year Ended December 31, 2020 Net income $ 840 Depreciation and amortization expense 640 At December 31 Balance Sheets 2020 2019 Accounts receivable $ 250 $ 340 Inventory 340 300 Accounts payable 160 180 Income taxes payable 100 30 Required: a. Calculate the net cash flow provided by operations for Simon Co. for the year ended December 31, 2020. (Enter your answer in thousands. (i.e., 20,000 should be entered as 20)) b. Net income and cash flows provided by operations may differ because of the timing of cash receipts and payments versus the timing of recognition on the income statement.
a.True
b.False
In the cash flow information for the ping kings project, ping spent $300,000 for research and development of the golf clubs. Ping's tax rate is 25%. How much of this cost should be included in the initial (t = 0) cash flow for this project?.
The initial (t = 0) cash flow for the Ping Kings' Project should account for $300,000 of the expenditure.
Should the costs of research and development be capitalized?For the majority of businesses, research and development is an investment that will pay off over a number of years in terms of revenue, cash flow, and profit; as a result, it should ideally be capitalized as an asset rather than expensed.
Research and development costs are regarded as sunk costs under U.S. GAAP and should not be capitalized.
Why is R&D a cost rather than a capital expense?The major reason businesses aren't allowed to capitalize their R&D expenses is because it's impossible to accurately estimate the charges' potential return on investment. Research and development involves a lot of trial and error.
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nora thinks her company should use a push strategy for its new product line because it needs to educate consumers on how to use the product. how does a push strategy promote products? multiple choice personal selling indirect promotions industry-wide promotions mass media advertising
Push strategy promotes the products by personal selling.
What is personal selling?When a salesperson meets with a potential client to close a deal, personal selling is taking place. The majority of salespeople follow a sequential sales process that usually consists of nine steps. The sales process is applicable to both telemarketing and in-person interactions. The Socratic philosophers had some concerns about the novel selling in the fourth century BCE. The main focus of their analysis was on the potential disruption of selling's more social components. Traditional exchange methods cultivated the social perspective that emphasizes the connections that bind society's members. For instance, during times of famine or drought, people shared in their neighbors' suffering.
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1. if a contingent liability is probable and the amount of the liability can be reasonably estimated, it is
A financial statement will contain the contingency if it is probable and the amount of liability is probable, the contingent obligation be added as a footnote to a financial statement.
In the financial statements, how are contingent liabilities handled?A company's financial statements never include contingent liabilities. Although these duties have not yet materialized, they might do so in the future. Therefore, a contingent liability is not treated in an accounting sense. These contingent liabilities now need to be examined annually.
When should a company disclose contingent liabilities?If a liability is conceivably feasible but not probable, or if a liability is probable but the amount cannot be estimated, disclose the presence of the liability in the notes to the financial statements.
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define the external environment as it applies to an organization of your choosing. what are the unique aspects of the external environment for this organization?
The external environment may be understood because the elements that lie outdoor the control of an company, which has the potential to steer the operations of the organization in addition to the picks it makes. These factors determine the opportunities and dangers to be had for the business enterprise as properly.
An external environment is a collection of things or situations which can be outside the agency but have an effect on it in a few quantity. In business, this time period commonly applies to factors associated with out of manipulate dimensions together with society, financial system, regulations and political gadget.
The situations and occasions out of doors a corporation that impacts the way it operates: as the organization's external surroundings evolves, its desires need to evolve to mirror this changing environment.
The external environment is the factors out of doors a enterprise that could affect its operation by influencing its sports and alternatives and determine its possibilities and risks.
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in a given average beta portfolio, replacing an existing investment with a higher beta investment will lead to
In a given average beta portfolio, replacing an existing investment with a higher beta investment will lead to a decrease in the required rate of return of the portfolio.
Funding is the determination of money to purchase of an asset to gain an boom in cost over a period of time. funding calls for a sacrifice of some gift asset, including time, money, or attempt. In finance, the reason of making an investment is to generate a go back from the invested asset.
An investment includes placing capital to apply today so that it will increase its price over the years. An funding requires putting capital to work, inside the form of time, money, effort, and so forth., in hopes of a extra payoff in the destiny than what was initially installed.
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Some GMAT questions will introduce the concept of interest earned on a Principal. These questions are easily identified by the use of the term "Interest" somewhere in the question (Duh!).
We recognize two different kinds of interest - Simple interest, and Compound interest. Look for the following three pieces of the puzzle in the question:
1) Interest rate - usually given as a %
2) Time - How long the interest is calculated for.
3) Compounded - Annually, semi-annually (every six months), quarterly, monthly.
Simple interest is calculated only on the principal. John's loan will have incurred $600 after a six-month period.
Simple interest :
Simple interest is calculated by multiplying the daily interest rate by the principal amount by the number of days until the next payment. Simple interest benefits consumers who pay their loans on time or at the beginning of each month. Auto loans and short-term personal loans are usually simple interest loans.
Solving the puzzle given :Simple interest is calculated only on the principal. The formula for simple interest is principal x interest rate x hours.
1) The question explicitly uses the term “simple interest”
2) The interest calculation period is shorter than the specified interest period.
Example: 12% annual interest calculated after 6 months.
Solving for 3Example:
John takes out a $10,000 loan at an annual interest of 12%. How much interest will the loan incur after six months?
Notice the following:1) Interest rate = 12% annual
2) Time - 6 months. Interest is an annual interest rate, so use time as a fraction of 6 months / 12 months = 1/2 year. Since the calculation period is shorter than the specified interest period, this is an indicator for using simple interest.
3) Compound interest - not mentioned - Another reason to use the simple formula.
Resolution: use the simple interest formula =
$10000 × 12% × ½
= 1200 × ½
= $600.
John's loan will have incurred $600 after a six-month period.
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A request for proposal (RFP) allows more latitude to the supplier than astrengths. t/f
A request for proposals (RFP) gives the supplier more freedom than a strengths. This statement is False
An entity, often a government agency or major corporation, submits a request for proposals (RFP) in order to receive a formal offer from possible suppliers for the required IT solution. The RFP procedure aids in obtaining proposals from suppliers and determining which one is most competent to finish the project. Secure offers from several providers with an effective RFP. You may compare talents and costs with these bids to pick the best partner for your project. Buyers issue RFPs, which are then made public and sent to vendors for a response. In response to RFPs, vendors (or suppliers) produce proposals.
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how can project managers navigate organizational culture while working on projects? select all that apply.
While working on projects, project managers can negotiate company culture by making observations, recognizing their effects, and raising questions.
Define Project Managers.The project manager is responsible for the project's planning, acquisition, execution, and conclusion. The project manager is in charge of overseeing all aspect of the endeavour, including the project scope, the project team, and the resources assigned to it. Project managers are organized, goal-oriented professionals that employ imagination, collaboration, and enthusiasm to create programmes that are sure to be a success.
The organizational culture is the setting in which a project manager and team must function. All project components, including procedures, leadership, management styles, communication, risk tolerance, and project request management, are impacted by the cultural norms in your organisation.
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why do most companies find it necessary to have a written policy regarding electronic communication?
Employees need to be made fully aware of matters like malware, system abuse, and email etiquette.
Explain what communication is.Giving, collecting, and exchanging of information are all an element of communication, which can occur orally, in writing, by listening or reading, or through any combination of these. Effective communicators listen intently to others' viewpoints, speak or write clearly,
What is the most accurate way to define communication?Getting information through one side to another is the main goal of communication. The act of sharing, expressing, or disseminating information and ideas by writing, speaking, and gesturing is known as telecommunication, according to the Merriam-Webster Dictionary.
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uptown cheapskate, the company profiled in the opening feature of chapter 15, was started by chelsea and scott sloan. according to the feature, chelsea and scott decided to grow uptown cheapskate via franchising because they wanted to . grow quickly without making a huge investment in real estate capture the prestige of being a franchise organization maintain maximum control of their business while at the same time maximizing profits grow quickly while at the same time maintaining maximum control of their business grow slowly while at the same time maximizing profits
Answer:
grow quickly without making a huge investment in real estate
Explanation:
Since uptown cheapskate, the company profiled in the opening feature of chapter 15, according to the feature, Chelsea and Scott decided to grow uptown cheapskate via franchising because they wanted option A) grow quickly without making a huge investment in real estate.
Which real estate tactic is the most profitable?Real estate appreciation—an increase in the property's value that is recognized when you sell—is the most typical technique to make money in the industry. The main factors influencing the value of residential and commercial real estate are location, development, and upgrades.
Therefore, In the marketing and distribution practice of franchising, the owner of a business system (the franchisor) offers a person or group of people (the franchisee) the right to operate a company that sells goods or renders services utilizing the franchisor's business system.
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Suppose the economy is operating at full employment. If the aggregate supply curve is upward sloping, a reduction in aggregate demand would (Note that this question is asking about P and U) cause both unemployment and inflation. cause unemployment but lower the price level. reduce unemployment but raise the price level. reduce unemployment and lower the price level.
If the aggregate supply curve is upward sloping, a reduction in aggregate demand would b) cause unemployment but lower the price level.
Real GDP, also known as aggregate supply, is the entire amount of output that enterprises will generate and sell. The total supply curve displays the amount of output—real GDP—that businesses will generate and market at each price point.
As the components of aggregate demand—consumption spending, investment expenditure, government spending, and spending on exports minus imports—increase, the aggregate demand curve, or AD curve, moves to the right. With the decline of these components, the AD curve will turn back to the left.
If equilibrium is reached within the flat AS range, then the economy will be experiencing unemployment but a constant level of price. The economy will be facing growing price levels or inflationary pressures and will be close to or at potential GDP if equilibrium happens in the steep range of AS, but it will also have a low unemployment rate.
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Data inc. Pays income and other taxes collected by the internal revenue service (irs). Like other federal administrative agencies, the irs was created by
Data inc. Pays income and other taxes collected by the internal revenue service (IRS). Like other federal administrative agencies, the IRS was created by a. Congress, through enabling legislation.
The Internal Revenue ServiceIRS is the federal agency of the United States Government in charge of compliance with tax laws and tax collection. The IRS administers the Internal Revenue Code enacted by Congress.
The IRS's mission is "to provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities, and to enforce the law with integrity and fairness to all."
Your question is incomplete, but most probably your full question was:
Data Inc. pays income and other taxes collected by the Internal Revenue Service (IRS). Like other federal administrative agencies, the IRS was created by:
a. Congress, through enabling legislation.
b. A court, through the adjudicatory process.
c. An administrative agency, through administrative regulations.
d. The president, through an executive order.
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with a binder, an applicant for insurance obtains temporary coverage before the insurance company accepts or rejects the application. true false
The statement with a binder, an applicant for insurance obtains temporary coverage before the insurance company accepts or rejects the application is : A. True.
What is insurance?Insurance can be defined as a coverage that help to cover those that enroll under the plan in case of unforeseen or unexpected event such as accident, fire among others.
The statement is true based on the fact that with a binder a person who applied for insurance can tend to collect temporary coverage before the insurance company decide on whether they are accepting or rejecting the person application.
Therefore the correct option is A.
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a us company that hires another us company, such as automatic data processing corporation (adp) to process all of its corporate payroll functions is engaging in
Outsourcing is the practice of a US company contracting with another US company, such as Automatic Data Processing Corporation (ADP), to handle all of its corporate payroll operations.
How Does Outsourcing Work?Outsourcing is the practice of employing third parties to carry out activities that were previously carried out by the company and was first recognized as a formal business strategy in 1989. Outsourcing is frequently employed so that a business can concentrate on its core functions. Among other things, it is used to reduce the cost of labor. While privacy has recently been a contentious issue for contractors that outsource work, it has also come under fire for its effects on the labor market in domestic economies.
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allowing someone to telecommute for work is an example of which aspect of the control-demand model of job stress?
By removing office distractions, allowing your staff to work from home can actually enhance productivity.
What is control-demand model of job stress?The demand-control model predicts that although having great control over one's employment will help mitigate the stress brought on by high work demands and, in turn, lessen the levels of work stress experienced by employees. High work demands typically result in high levels of stress for employees.
According to Karasek's argument, there are four categories of perceived work environments: low-strain, high-strain, passive, and active, depending on the relative levels (high or low) of these two job qualities (job control and job demands). One of the most frequent causes of stress at work has been identified as job demands. Long work hours and demanding shifts, intense time constraints, ergonomic issues, and unpleasant physical conditions, for instance, have a high risk of causing stress and having unfavorable long-term effects.
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when you use jobs theory to develop a timeline of events, where does that timeline start? the first time a potential employee hears about your company. the first time a potential customer realizes they have a need. the day your company was founded. the day you were hired into your current role.
The idea that people buy goods and services to do a "job" is the foundation of the theory. Further, according to Jobs Theory, businesses are much more likely to develop and market solutions that will win in the market if they know exactly what that "job" entails.
How does jobs theory provide a definitional framework?The inputs needed to make innovation predictable can be categorized, defined, captured, and organized within Jobs Theory's framework. Imagine if all of your company's developers, marketers, strategists, and R&D managers had the same understanding of what a need is and which customer needs are unmet.
Where did the theory of Job come from?Anthony Ulwick had a lightbulb moment while sitting in a Six Sigma process improvement meeting when he realized that businesses should be studying the "outcome" people are trying to achieve when using a product rather than making changes to the product itself.
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the demand curve for a perfectly competitive firm is: group of answer choices relatively but not perfectly elastic. perfectly inelastic. perfectly elastic. downward-sloping.
Perfectly elastic and downward sloping is the demand curve for a perfectly competitive firm.
For what reason is the interest bend for a cutthroat firm completely flexible?
Its clients will move to purchasing substitutes from different dealers who sell at the market cost. Hence, the interest bend for an entirely flexible firm is completely versatile since when a singular firm raises the cost somewhat over the market cost, it loses every one of the clients.
Is the interest bend for a simply serious firm flexible?
The interest bend for a simply serious firm is completely flexible, however the interest bend for a simply cutthroat industry slants descending as the firm can sell the products at any cost.
Is request bend completely inelastic?
On the off chance that an interest bend is completely upward (all over) we say it is totally inelastic. In the event that the bend isn't steep, yet rather is shallow, then, at that point, the great is supposed to be "versatile" or "profoundly flexible." This implies that a little change in the cost of the kindness have an enormous change in the amount requested.
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Priscilla owns a factory that produces kayaks. She is trying to decide whether to continue using her one of her current pieces of equipment or replacing it with more updated equipment. Which of the following does Priscilla not need to consider?
a. cost of the new equipment. b. the book value of the old equipment. c. annual operating cost of the new equipment d. book value of the old equipment
Priscilla does not need to consider the cost of the new equipment.
Originally used by the Inuit, kayaks are a sort of canoe with a light frame and a watertight covering that has a tiny space in the top to sit in.
As a type of compact watercraft, kayaks are renowned for their exceptional design. A boat that is quick, strong, and simple to turn may be modified for calm lakes, swift rivers, and rough seas thanks to its light hull, covered top, and shallow base.
Instead of continuing to use her outdated pieces of equipment, Priscilla could swap them out for more modern ones.She shouldn't consider the price of the new equipment as a result.
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according to the epo's interactive patent information tour, in exchange for rights of protection on their inventions, patents require inventors to:
According to the EPO interactive patent information tour, in exchange for rights of protection on their inventions, patents require inventors to :An inventor must apply for a patent within one year of selling the product commercially. Infingement.
A smart card is a credit-card-sized plastic card containing a microprocessor and a small amount of memory. Very early in the planning process for its online services, the EPO decided to store certificates on smart cards that would enable users to make secure transactions.
Legal status information for European and Euro-interactive applications (ie where the patent is valid) is available from the EPO's free online European Patent Register. Here, including the patent grant stage (and all objections/complaints .
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the dividend payment date is when: multiple select question. retained earnings is increased. retained earnings is decreased. dividends payable is decreased. cash is decreased. dividends payable is increased. cash is increased.
liability coverage includes two very important aspects of your vehicle insurance policy: and . a) bodily injury and personal property b) personal injury protection and collision c) comprehensive and uninsured motorist d) collisi
Liability coverage encompasses two critical aspects of your vehicle insurance policy: bodily injury and personal property damage. Thus, the correct choice is (a) bodily injury and personal property.
What is Liability coverage?If you cause an accident or someone is hurt on your property, you may be held legally responsible for the following expenditures, such as medical or legal fees. Liability coverage may shield you from these sorts of charges, which is why it's important to understand the liability coverage provided by your insurance products. Liability insurance is a component of the general insurance system of risk finance that protects the purchaser from the risks of liabilities imposed by lawsuits and similar claims, as well as the insured if the purchaser is sued for claims covered by the insurance policy.
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in addition to providing service employees with emotional and instrumental support, management should offer the sta
Management should provide the personnel prizes and incentives that reward them for providing good service in addition to providing them with emotional and practical assistance.
Customers' demands and requirements must be understood and translated into real-time by service personnel. Organizations can start to close the service performance gap by focusing on the crucial role of service employees and developing strategies that result in effective customer-oriented service.
Gifts, money, service award presents, and gifts like gift cards are examples of reward incentives. Another illustration is the employee referral bonuses that some businesses utilize to motivate staff to recommend job prospects.
Extrinsic and intrinsic incentives both serve as universal motivators of behavior. The internal motivation that stems from a person's interest in or enjoyment of the activity itself is known as intrinsic motivation.
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which of the following statements about today's job market and job search is most accurate? a. technology has become an integral part of the job-search process. b. today's employment process emphasizes the needs of the applicant. c. most résumés are first read by screening committees. d. employees can expect to remain in the same job throughout their careers.
The correct option is: a. technology has become an integral part of the job-search process.
The job-search process may be a daunting affair. It takes a lot of time to complete each phase of the process, from looking for appropriate possibilities to conducting interviews. A well-organized to-do list, though, can help you stay on course.
1. Begin with your frame of mind.
Your mentality is where job searching starts. You can approach the process with resilience if you have the correct mindset.
2. Establish search criteria.
Don't just apply for any job you come across. List the roles you're interested in, then begin your search.
3. Recognize your specialty.
You may approach your job hunt with up-to-date knowledge if you conduct an industry study. Discover the educational prerequisites, amount of expertise, and duties related to your preferred positions.
4. Recognize your value.
In a year, how much money do you hope to make? It's critical to understand whether your expectations match the current work market.
You want your stellar LinkedIn profile to stand out to employers. Recruiters scan your page for the following things as they do so:
5. Go through your social media profiles.
You want your stellar LinkedIn profile to stand out to employers. Recruiters scan your page for the following things as they do so:
Your about page and headline serve as your public face.
A captivating picture and cover photo are also important. Write a brief message or use a neutral cover image.
Experience at work in detail. Highlight your accomplishments from prior employment by providing data and your influence.
Certificates.
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a company has earnings per share of $8.70. its dividend per share is $1.50 and its market price per share is $100.92. its price-earnings ratio equals:
The price-earnings ratio of the company is 11.60.
What is the price-earnings ratio?The price to earning ratio is a financial metric used to value a company. It is the ratio of the price of a stock to the earnings of the stock. The higher the metric is, the higher the value of the firm
Price to earning ratio (P / E) = market value per share / earnings
Price to earning ratio (P / E) = $100.92 / $8.70
Price to earning ratio (P / E) = 11.60
Types of P/E ratio
1. trailing p/e - it is calculated by dividing current share price by the earnings per share for the past 12 months
2. forward p/e - it is calculated by dividing current share price by the estimated per share earnings for the next 12 months
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The price - earnings ratio for the company, given the earnings per share and the market price per share, is 11 . 6
How to find the price - earnings ratio?The price to earnings ratio shows the comparison between the earnings made per share and the price of each share.
The formula for the price to earnings ratio is :
= Earnings per share / Market price per share
Earnings per share = $ 8. 70
Market price per share = $ 100. 92
The price to earnings ratio is:
= 100. 92 / 8. 70
= 11 . 6
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the minimum points of the average variable cost and average total cost curves occur where the a. slope of total cost is the smallest. b. marginal cost curve lies below the average variable cost and average total cost curves. c. average variable cost and average total cost curves intersect. d. marginal cost curve intersects those curves.
The minimum points of the average variable cost and average total cost curves occur where the marginal cost curve intersects those curves.
What is Average variable cost?
The sum of all variable costs incurred in the production of a good is called the average variable cost. Like materials and labor, variable costs change over time and frequently depend on the amount of production the organization produces. Fixed costs, which might include charges like building rent and are constant regardless of how many products the company produces, are different from these.
The average variable cost allows for the understanding of the overall amount of these variable costs for each produced unit, whereas the total variable costs encompass all variable costs for a production run. Because there is at least one fixed variable in the short term, average variable cost differs from average total cost, however in the long run, all variables are flexible.
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Neon Lighting is comparing actual and applied overhead amounts at the end of the year and finds the factory overhead account has a credit balance. What does this mean
a.Actual costs are higher than applied costs.
b.The entire balance is charged back to work in process inventory.
c. Applied costs are higher than actual costs.
d. The balance should be carried over from year to year.
The entire balance is charged back to the inventory of work-in-progress. overhead account has a credit balance means Actual costs are greater than applied costs.
What exactly is a credit balance?The amount that the card issuer owes you appears as a credit balance on your billing statement. Every time you make a payment, credits are applied to your account. When you return something you purchased using your credit card, a credit might be added. A credit balance is an account's final total, which can be either positive or negative depending on the circumstances. The following situations include a credit balance: a bank account's positive balance. The full balance owed on a credit card.
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externalities are failures of a.consumers to make rational tradeoffs. b.the market to correctly price resources. c.firms to make rational tradeoffs. d.firms and consumers to make rational tradeoffs.
Externalities are failures of firms and consumers to make rational tradeoffs.
A client is someone or a set who intends to order, or uses purchased goods, products, or services broadly speaking for private, social, own family, family and similar desires, who isn't always without delay related to entrepreneurial or enterprise activities. The time period most generally refers to someone who purchases items and services for private use. “purchasers, by definition, include us all," said President John F. Kennedy, providing his definition to the usa Congress on March 15, 1962. This speech have become the basis for the creation of world patron Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy outlined the indispensable duty to customers from their respective governments to assist workout consumers' rights, such as.
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jose has spent most of his life in the top two quintiles of income distribution, although he did spend a year without earned income when he lost his job during a recession. which of the following ways of thinking about inequality explains why someone might make the observation that jose's living standard did not vary as much as his income varied?
One might think that the living stardard of Jose did not vary as much as his income vary because he might be considering a permanent income. This remains moreover constant and stable even if income vary a lot temporarily.
Earnings is the intake and saving opportunity gained by an entity inside a precise time frame, which is usually expressed in monetary terms.[1] profits is tough to outline conceptually and the definition may be distinctive across fields.[2][page needed] as an example, someone's profits in an economic experience may be exceptional from their earnings as described with the aid of regulation. a very important definition of profits is Haig–Simons earnings, which defines earnings as consumption + exchange in internet well worth and is extensively used in economics.
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between january 2012 and january 2019, u.s. employment increased by 17.3 million workers, but the number of unemployed workers declined by only 6.3 million. true or false: the labor force has increased.
It is false, because the labor force is the sum of the employed and the unemployed. So the fact that employment has increased by 17.3 million and unemployed has decreased by 6.3 million means that the labor force has increased by 11 million.
What is the difference between labor force and workforce?Labor force refers to the number of people who are actually working or willing to work. However, work force refers to the number of people actually working. Therefore, workforce do not count those who work willingly. The difference between them is the total number of unemployed people.
What is the meaning of labor force?The labor force is the sum of the employed and the unemployed, and the unemployment rate is the number of unemployed divided by the labor force. An employee is a person who works at least one hour for her wages or for her own company at any time of the week, including his 12th day of the month. Example: This includes full-time, part-time and freelancers. This includes people who receive hourly wages, salaries, or are paid under a contract. The total labor force includes all persons aged 16 and over who are not retired.To learn more about labor force visit:
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