Using the Official Measure of Unemployment, Which of the Following

question 127

Multiple Choice

Using the official measure of unemployment, which of the following people is considered unemployed?

• A)A person who gave up looking for jobs because he or she was discouraged about his or her job prospects
• B)A person who has been searching for work, but turns down a job paying a lower wage rate than desired
• C)A part- time worker who wishes to work full time
• D)A person who is working but expects to be laid off at the end of the month

---

Definitions:

Franchising

A business model wherein a business owner (franchisor) grants to an individual or entity (franchisee) the rights to operate a business under the franchisor's brand and system in exchange for a franchise fee and ongoing royalties.

Foreign Market

This refers to the markets outside the domestic boundaries where a company can sell its products or services, often requiring adaptation to local needs and regulations.

Franchisor

An entity or individual that grants another party the right to conduct business under their trademark or trade name in exchange for a franchisee fee and a percentage of franchise operation sales.

Franchisee

An individual or company that is granted the license to do business under the franchisor's trademark, brand, and business model.