Which of the Following Is Not an Explanation for the Existence

question 104

Multiple Choice

Which of the following is not an explanation for the existence of unemployment in the long run?

• A)it takes time for workers to search for the jobs that are best suited for them
• B)minimum-wage laws
• C)unions
• D)the business cycle

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Definitions:

Goodwill

An intangible asset representing the excess value paid over the net fair value of identifiable assets and liabilities during an acquisition.

Parent-Company Extension Method

An accounting technique used to consolidate the financial statements of a parent company and its subsidiaries, where the entire business is treated as an extension of the parent company.

Goodwill

A non-physical asset that is created when one company is bought by another for an amount exceeding the fair market value of the acquired company's net identifiable assets.

Non-Controlling Interest

The portion of equity ownership in a subsidiary not attributed to the parent company, often reflected in the consolidated financial statements.