Which of the Following Is Not a Requirement for the Bureau

question 436

Multiple Choice

Which of the following is not a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

• A) The person must not have been employed.
• B) The person must not have been fired from their previous job.
• C) The person must have tried to find employment during the previous 4 weeks.
• D) The person must have been available for work.

Recognize the implication of variable and fixed costs in special orders and maximizing profit.

Identify relevant and irrelevant costs in decision-making scenarios.

Calculate the maximum external price acceptable in outsourcing scenarios.

Understand the concept of bank reserves and the difference between required and excess reserves.

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Definitions:

Spoils System

The term meaning the filling of federal government jobs with persons loyal to the party of the president; originated in Andrew Jackson’s first term.

Whigs

A political faction and then a formal party in the parliaments of England, Great Britain, Ireland, and the United Kingdom, that was influential from the 1680s to the 1850s, advocating for parliamentary supremacy and opposed to the royal prerogative.

Spoils System

A practice where political party leaders give government jobs to their supporters as a reward for their assistance in achieving victory.

Meritocracy

A system of government or another organization wherein appointments and responsibilities are objectively assigned to individuals based upon their "merits", namely intelligence, credentials, and education, rather than on wealth, race, or social background.