To Be Counted as Unemployed a Person Must

question 11

Multiple Choice

To be counted as unemployed a person must

• A)be looking for work for at least two weeks.
• B)have had a job sometime in the past.
• C)be looking for work for at least a week.
• D)be actively looking for work.
• E)be a discouraged worker.

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Definitions:

Cash Discount

A reduction in the invoice price given by the seller to the buyer for quick payment within a specified period.

Merchandise

Products that a company buys to resell to its customers.

Cash Paid

The actual outflow of cash during a period for expenses, investments, and other financial activities.

Perpetual Inventory System

An inventory tracking system where updates are made continuously as transactions occur, providing real-time inventory levels.