Some Individuals Are Unemployed Because They Are Laid Off from Their

question 151

Multiple Choice

Some individuals are unemployed because they are laid off from their jobs when the economy is sluggish.These individuals would be considered

• A) frictionally unemployed.
• B) cyclically unemployed.
• C) structurally unemployed.
• D) overemployed.
• E) discouraged workers.

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

Percentage of Sales Method

A financial forecasting technique where future values such as budgets or debt levels are estimated based on a specified percentage of sales.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that are expected to not be collected due to customer defaults.

Accounts Receivable

Money owed to a company by customers for products or services that have been delivered but not yet paid for.