People Who Are Not in Work and Not Seeking or Available

question 10

Multiple Choice

People who are not in work and not seeking or available to work are referred to as the:

• A) Economically persistent
• B) Economically unable
• C) Economically inactive
• D) None of the above

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Definitions:

Direct Method

A way to prepare the cash flow statement, where operating cash receipts and payments are listed directly to calculate net cash from operating activities.

Cash Payments

Financial transactions that involve the transfer of cash from one entity to another.

Income Taxes Payable

The amount of income taxes a company owes to governmental entities but has not yet paid.

Operating Activities

Operating Activities involve the cash flows that are generated from the primary business activities of a company, such as selling products or services.