Which of the Following People Would Be Considered Unemployed by the Bureau

question 172

Multiple Choice

Which of the following people would be considered unemployed by the Bureau of Labor Statistics? I. Mrs. X works 20 hours a week but wishes to work 40 hours a week.
II) Mr. Y is laid off from his job as a welder, but expects to be rehired in 8 months.

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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Definitions:

Liabilities

Refers to the financial obligations a company owes to outside parties, including debts, loans, and other forms of financial responsibilities.

Sarbanes-Oxley Act

Federal legislation designed to deter and punish corporate and accounting fraud and corruption and to protect the interests of workers and shareholders through enhanced financial disclosures, criminal penalties on CEOs and CFOs who defraud investors, safeguards for whistleblowers, and establishment of a new regulatory body for public accounting firms.

Public Accounting Oversight Board

A regulatory body responsible for overseeing the audits of public companies to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and ensuring stock market integrity.