Which of the Following Is an Example of a Worker

question 87

Multiple Choice

Which of the following is an example of a worker experiencing 'frictional unemployment'?

• A)A worker who quits his job at the post office to find more interesting work.
• B)A computer programmer who loses her job because it is outsourced to India.
• C)An employee who loses his job because the economy is suffering a recession.
• D)An airline pilot who loses her job because of lack of demand for air travel.

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Definitions:

Retained Earnings

The portion of a business's profits not distributed to shareholders but reinvested in the business or kept as a reserve.

Net Loss

The amount by which total expenses exceed total incomes for a business over a specific period, indicating a negative financial performance.

Net Income

The total earnings of a company after subtracting all costs and expenses, including taxes and interest, from its total revenues.

Balance Sheet Columns

The sections within a balance sheet that display a company's assets, liabilities, and shareholders' equity at a specific point in time.