Ms Krupsky Has Shorthand and Typing Skills and Still Finds

question 28

Multiple Choice

Ms. Krupsky has shorthand and typing skills and still finds herself unemployed. In todayʹs economy, Ms. Krupsky is an example of what type of unemployment?

• A) frictional unemployment
• B) structural unemployment
• C) cyclical unemployment
• D) None of the above answers is correct.

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Definitions:

Indirect Method

A financial reporting approach used to generate a statement of cash flows by adjusting net income for changes in non-cash account balances.

Declared

Often refers to the official announcement by a company's board of directors of a dividend or other corporate action.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Original Cost

The initial monetary value of an asset, including the purchase price and any related acquisition costs, but before depreciation or amortization.