Which of These Persons Is Officially Classified as Being "Not

question 5

Multiple Choice

Which of these persons is officially classified as being "not in the labor force"?

• A) Alex who was fired from his job two months ago and has yet to look for another job.
• B) Bob who would start looking for work if he thought he could get a good job.
• C) Cole who has never worked but just starting looking for work two weeks ago.
• D) Durk who is working at a low wage job that does not challenge him.

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Definitions:

Retiring Treasury Stock

The act of permanently removing previously bought-back shares (treasury stocks) from the market, reducing the company's available shares and total equity.

Cost Method

An accounting approach used for recording investments, where the investment is recorded at its acquisition cost and adjustments are made for dividends or significant changes in value.

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares.