Evidence Shows That for Many People, Delaying Searching for a Job

question 14

Multiple Choice

Evidence shows that for many people, delaying searching for a job for a year or longer after they are laid off will contribute to a deterioration of their job skills, making it harder for them to find employment.This deterioration in job skills and the subsequent retraining that is necessary to obtain employment relates to which type of unemployment?

• A)cyclical
• B)frictional
• C)seasonal
• D)structural
• E)natural

Understand the treatment of income taxes in interim reporting, including changes in tax rates.

Recognize the importance of disclosing significant changes, such as changes in accounting principle or estimates, in interim reports.

Learn the criteria for reportability of operating segments under the revenue, profit or loss, and asset tests.

Understand how inventory and long-term contract losses are treated in interim financial reports.

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Definitions:

Recall

The cognitive process of retrieving information or memories from the past.

Relearning

The process of regaining knowledge or skills that were previously learned then forgotten, which typically occurs faster than the initial learning.

Recognition

A memory task in which a person must simply identify material as familiar or as having been encountered before.

Nondeclarative Memory

A type of long-term memory that involves skills and actions, which can be performed without conscious thought or declaration.