Which of the Following Individuals Would Be Considered Unemployed

question 26

Multiple Choice

Which of the following individuals would be considered unemployed?

• A)A lawyer temporarily working as an assistant in a law firm
• B)A computer technician who has not worked for 10 months and gave up looking for a job 4 months ago
• C)A full-time student who feels that he is taking too many classes to have the time to work
• D)A person with a college degree driving a taxi for a living
• E)A fresh college graduate who is actively looking for a job

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Definitions:

Overhead Cost

Indirect costs associated with production, not directly tied to a specific product, such as utilities and rent for production facilities.

Activity-Based Costing

An accounting method that allocates overhead and indirect costs to specific activities, providing more accurate product cost information.

Activity Rate

A measure used in cost accounting to allocate costs to products or services based on the amount of an activity they consume.

Production Units

The number of units produced during a specific period, often used as a measure of productivity or for inventory tracking.