Which One of the Following Is an Example of a Frictionally

question 21

Multiple Choice

Which one of the following is an example of a frictionally unemployed individual?

• A) Martin, who lacks the skills necessary to be employed as a machinist
• B) Lee, who lost his job as an art director because of a recession
• C) Jan, who is a high school dropout and is working as a bus driver
• D) Helena, who has just graduated from law school and is searching for a job

---

Definitions:

Consolidated Net Income

The total net income of a parent company and its subsidiaries after the elimination of intercompany transactions and accounts.

Noncontrolling Interest

An ownership interest in a corporation where the stake is not large enough to exert control over the company's policies or decisions, also known as minority interest.

Annual Amortization

Refers to the gradual charging to expense of the cost of an intangible asset over the useful life of the asset.

Consolidated Financial Statements

Financial statements that aggregate the financial position and results of operations of a parent company and its subsidiaries.