Jim Brown Would Like to Work, but Has Not Looked

question 12

Multiple Choice

Jim Brown would like to work, but has not looked for work in the past four weeks because he does not believe any jobs are available. In the official employment statistics, Jim is classified as:

• A)employed.
• B)unemployed.
• C)out of the labor force.
• D)underemployed.

---

Definitions:

Expected Net Income

The projected profit of a business after all expenses and taxes have been deducted from total revenue.

Sales Commission

A fee paid to sales personnel, often calculated as a percentage of the sales they generate.

Machine-Hours

A unit of measure for the amount of work or operation time a machine has completed or is expected to complete.

Maintenance Cost

The expenses associated with upkeep, including repairs and preventive measures, to ensure the efficient operation of assets.