Which of the Following Is NOT a Reason the Unemployment

question 93

Multiple Choice

Which of the following is NOT a reason the unemployment rate is considered to be an incomplete indicator of the overall health of the labor market?

• A) It does not measure how well people are matched to the jobs they do.
• B) It does not count discouraged workers.
• C) It does not correctly define the adult population.
• D) It counts part-time workers who would like to work full time as employed.

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Definitions:

Adjustments

At the close of an accounting period, records are adjusted to attribute revenues and expenses to the timeframe in which they truly happened.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made, used as the basis for preparing financial statements.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.

Drawing Account

An account used to record withdrawals of business assets by the owner for personal use, reducing the capital account.