Unemployment Is Increasingly a Standard Condition in the U

question 6

Multiple Choice

Unemployment is increasingly a standard condition in the U.S. economy because:

• A) the success of Keynesian economics mandated a continuous cycle of unemployment
• B) as welfare benefits have increased, it has become unnecessary to work to have a decent life
• C) U.S. workers have become increasingly lazy relative to other workers in the global economy
• D) the worldwide economic recession was combined with a reduced need for labor power

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Definitions:

Internal Control

Initiatives and standards implemented by a firm to assure the correctness of financial and accountancy details, encourage integrity, and obstruct fraudulent activities.

Journal Entries

The method by which all business transactions are initially recorded, using a system of debits and credits, to maintain the financial records of an entity.

Segregation Of Duties

A key internal control that prevents fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.

Custody

The protective care or guardianship of someone or something, often referring to the control over assets or minors.