The Bureau of Labor Statistics Defines a Person as Unemployed

question 79

Multiple Choice

The Bureau of Labor Statistics defines a person as unemployed if he or she does not:

• A)work full time.
• B)have a job but is actively seeking one.
• C)earn a wage above the minimum wage rate.
• D)earn enough income to be above the poverty level.
• E)work as much as he or she desires.

---

Definitions:

Business Expense

Expenditures incurred during the operation of a business, considered necessary, ordinary, and customary for conducting business activities.

Income Statement

A report detailing a company's financial activities, including income, expenditures, and profit, over a certain period.

Dividends

Disbursements from a corporation to its shareholders, typically derived from its profits.

Double-entry Accounting

An accounting method that records each transaction twice, as both a debit and a credit, to maintain the balance of the accounting equation.