You Are a University Student and NOT Working or Looking

question 10

Multiple Choice

You are a university student and NOT working or looking for work.You are:

• A) unemployed.
• B) in the labour force but not employed.
• C) not part of the labour force.
• D) counted in the labour force as underemployed.

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Definitions:

Net Operating Income

The profit generated from a business's normal core operations, excluding deductions of taxes and interest costs.

Turnover

The rate at which inventory is sold and replaced over a particular period, or the total sales volume.

Margin

The variance between the cost at which a product is sold and the expense incurred to create it, frequently conveyed as a proportion of the revenue.

Operating Expenses

Expenses incurred from normal business operations, excluding the cost of goods sold, such as selling, general, and administrative expenses.