Which of the Following People Would Be Counted Among the Unemployed

question 34

Multiple Choice

Which of the following people would be counted among the unemployed?

• A) a new college graduate selling newspaper advertisements part time while looking for other work
• B) a new college graduate selling newspaper advertisements full time while looking for other work
• C) a new college graduate selling newspaper advertisements part time and not looking for other work
• D) a new college graduate who gets tired of selling newspaper advertisements and takes off on a motorcycle trip to Alaska
• E) a new college graduate not qualified for any of the jobs available in his small town

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Definitions:

Season Tickets

Prepaid tickets allowing entry to a series of events, typically for sports or theatrical seasons, offering a discount over purchasing individually.

Magazine Subscriptions

Recurring payments made by the readers to receive periodic publications over a specific period of time.

Supplies Expense

The cost associated with the consumption of supplies used in the operation of a business.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.