Underemployment Occurs

question 154

Multiple Choice

Underemployment occurs

• A) when workers do not have jobs.
• B) when farm workers become more productive.
• C) when workers are working fewer hours than they desire or when they are working less productively than they are capable of.
• D) in IACs but not in the DVCs.

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Definitions:

Long-Lived Asset

Assets used in the operations of a business that are expected to provide economic benefits for a period longer than one year.

Net Book Value

The value of an asset after subtracting accumulated depreciation from its original cost, synonymous with carrying value but rephrased for clear understanding.

Discontinued Item

Pertains to the gains or losses from operations of a component of a business that has been disposed of or is held for sale.

Intangibles

Assets that do not have physical form, such as patents, trademarks, and goodwill, but are valuable to a business.