Who of the Following Would Be Counted as Unemployed in Canada

question 17

Multiple Choice

Who of the following would be counted as unemployed in Canada?

• A)Caitlin, who is 14 years old, and looking for a babysitting job.
• B)James, who is a full-time student looking for a part-time job.
• C)Youngmin, who is a part-time hamburger flipper looking for a full-time job.
• D)Emmanuel, who lost his job at the steel plant when an automated assembly line was introduced six months ago, and has been job searching every day.
• E)Vik, who has been staying at home watching "The Old and the Boring" soap opera, and not searching since he was laid off at the flour mill.

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Definitions:

Cash Flows

The net amount of cash being transferred into and out of a business.

Operating Activities

The principal revenue-producing activities of the entity and other activities that are not investing or financing activities.

Bad Debts Expense

Represents the recognition of accounts receivable that are not expected to be collected.

Non-Current Assets

Assets owned by a company not expected to be converted to cash or used within the business's operating cycle or fiscal year.