Final answer:
One FTE employee is typically expected to work 2,080 hours in a year which is true, based on a standard 40-hour work week multiplied by 52 weeks.
Step-by-step explanation:
The statement that one full-time equivalent (FTE) employee is typically expected to work 2,080 hours in a year is true. This calculation is based on a 40-hour work week, multiplied by 52 weeks in a year. While some variations may exist due to holidays, vacation days, and work schedule policies, 2,080 hours is the standard used by many organizations to represent full-time employment.
It's important to note that averages of work hours can vary, as indicated by the Bureau of Labor Statistics data showing that U.S. workers averaged 38.6 hours per week in 2014, with full-time workers averaging 42.5 hours per week. Nevertheless, the FTE calculation assumes a consistent 40-hour workweek.
The concept of FTE is often used for budgeting, staffing, and analyzing workloads, amongst other applications in various business an