In the United States, People Are Considered Unemployed If and When

question 222

Multiple Choice

In the United States, people are considered unemployed if and when they

• A) have become discouraged and are no longer actively seeking work.
• B) do not have a job but are available for work and have been actively seeking work.
• C) are working at a job that does not fully utilize their skills.
• D) are on family leave.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Uncollectable Account

A debt or receivable that is considered to be uncollectible from a debtor, often because it is overdue or the debtor is unable to pay.

Collection Agency

An enterprise that seeks to collect payments from individuals or businesses on outstanding debts.

Pegboard System

A bookkeeping system that uses a lightweight board with pegs on which forms can be stacked, allowing each transaction to be entered and recorded on four different bookkeeping forms at once; also called the one-write system.