Which of the Following Is Most Likely to Happen When

question 55

Multiple Choice

Which of the following is most likely to happen when someone becomes unemployed?

• A)It is likely that the person will be unemployed a long time and that most of the unemployed he or she joins have been unemployed a long time.
• B)It is likely that the person will be unemployed for a long time, even though most of the unemployed he or she joins have been unemployed for a short time.
• C)It is likely that the person will be unemployed for a short time, even though most of the unemployed he or she joins have been unemployed for a long time.
• D)It is likely that the person will be unemployed for a short time, and that most of the unemployed he or she joins have been unemployed for a short time.

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Definitions:

Credit Sales

Sales transactions in which the payment is delayed as agreed by both the seller and the buyer.

Cash Collection

The process of gathering all cash payments received from customers, often related to sales or services, improving a company's liquidity.

Budget Slack

The practice of underestimating revenue or overestimating costs while preparing a budget to create a buffer, which can be used to handle unforeseen financial situations.

Planning

The process of setting goals, determining resources needed to achieve those goals, and outlining the steps necessary to accomplish them.