Which One of the Following People Would Be Counted as Unemployed

question 102

Multiple Choice

Which one of the following people would be counted as unemployed in Canada?

• A)Doris works only 5 hours a week but is looking for a full-time job.
• B)Kanhaya has stopped looking for work since he was unable to find a suitable job during a two-month search.
• C)Sharon recently began looking for work after staying at home for 10 years to look after her children.
• D)Maurice is on a two-month vacation out of the country but is still looking for a job using the Internet.
• E)Taylor is a homemaker.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Current Ratio

A financial ratio that indicates how well a company can cover its short-term liabilities with its present assets.

Current Liabilities

Short-term financial obligations that are due within one year or within the company's operating cycle, whichever is longer.

Contingent Liability

A potential financial obligation that may occur in the future depending on the outcome of a specific event.