A Reentrant Is an Individual

question 164

Multiple Choice

A reentrant is an individual

• A) in the labor force whose employment was involuntarily terminated.
• B) who used to work full time but left the labor force and has now reentered it looking for a job.
• C) in the labor force who quits voluntarily.
• D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.

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Definitions:

Contingent Liability

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

Reasonably Possible

A term used in accounting and law to indicate that a future event or condition has a chance of occurring.

Liability

A company's financial debt or obligations that arise during the course of its business operations.

Probable Loss

An estimated loss from a contingent liability that is likely to occur and can be reasonably estimated.