Discouraged Workers Who Are Over 16 Years Old Are I

question 34

Multiple Choice

Discouraged workers who are over 16 years old are i. not counted as unemployed.
Ii. part of the working-age population. iii. part of the labor force.

• A)i, ii, and iii
• B)i and ii
• C)ii only
• D)i only
• E)ii and iii

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Definitions:

Owner, Capital

An account on a company's balance sheet representing the owner's invested equity or interest in the business.

Liability Insurance Policy

Insurance coverage that protects against claims arising from injuries or damages to other people or property for which the insured is liable.

Prepaid Expense

Expenses paid in advance for goods or services to be received in the future, which are recorded as assets until they are actually used.

Adjusting Process

An analysis and updating of the accounts when financial statements are prepared.