To Be Officially Unemployed a Person Must Be in the Labour

question 162

Multiple Choice

To be officially unemployed a person must be in the labour force and must:

• A)be actively seeking work.
• B)be 21 years of age or older.
• C)have just lost a job.
• D)be waiting to be called back from a layoff.

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Definitions:

Assets

Economic resources owned or controlled by a business or an individual that are expected to bring future benefits.

Financial Statements

Official documentation of a business, individual, or entity's financial condition and operations, normally comprising the income statement, balance sheet, and statement of cash flows.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, dividing activities into operating, investing, and financing.

Statement of Stockholders' Equity

A financial statement that shows changes in the value of a company’s equity over a specified period.