Persons Who Do Not Have Jobs and Who Do Not

question 67

Multiple Choice

Persons who do not have jobs and who do not look for work are considered:

• A)unemployed.
• B)out of the labor force.
• C)underemployed.
• D)overemployed.
• E)part of the underground economy.

---

Definitions:

Credit Account

A Credit Account is a type of financial account that records the amounts that are owed by a business to its suppliers or creditors, which are typically settled at a later date.

General Ledger

A complete record of all financial transactions made over the life of a company.

Asset Accounts

Accounts on a company's balance sheet that represent valuable resources controlled by the company and that have future economic value.

Liability Accounts

Accounts on a company's balance sheet that represent what the company owes to others, such as loans, accounts payable, mortgages, and accrued expenses.