Underemployment is a term used to describe hiring employees who work for a designated foreman

or team leader. In this sense they are employed under a specific individual.

Indicate whether the statement is true or false

FALSE

Business

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Wallace Repair Corporation incurred $1,500 as a labor expense and promised to pay the labor agency within 30 days. Which of the following will decrease as a result of this transaction?

A) Assets B) Stockholders' equity C) Liabilities D) Revenues

Business

Over which of the following subjects does the federal government NOT have jurisdiction?

A) the regulation of trade and commerce B) criminal law C) education D) the postal service E) unemployment insurance

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