Which of the Following Statements Is Correct

question 85

Multiple Choice

Which of the following statements is correct?

• A)Frictional unemployment is the result of friction between labor and management over how best to perform work.
• B)Structural unemployment is unemployment resulting from changes in the structure of consumer demand or technology.
• C)Cyclical unemployment is also called wait unemployment because this unemployment depends on the timing of the business cycle.
• D)Search unemployment is the broadest unemployment category because it covers all other types of unemployment.

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Definitions:

Ledger

A comprehensive collection of a company's accounts, in which transactions are recorded from the journal and summarized, showing current balances.

Net Income

The net income of a business once all costs and taxes are subtracted from its revenues.

Transactions

Economic events that require recording in the financial statements because they affect assets, liabilities, or equity.

Common Stock

A type of equity security representing ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.