When There Is an Increase in the Duration of Unemployment

question 43

Multiple Choice

When there is an increase in the duration of unemployment, the U.S. Congress typically responds by

• A) lowering income taxes.
• B) extending unemployment benefits.
• C) encouraging unemployed U.S. workers to seek employment overseas.
• D) redefining "unemployed" so the unemployment rate does not look so bad.

Identify corrective actions that align with core values like truth, trust, and respect.

Learn the principles of positive reinforcement in performance improvement.

Recognize the importance of discipline and corrective action in leadership.

Understand the significance of benchmarking and its criteria in performance improvement.

---

Definitions:

Accrued Vacation Benefits

The amount of vacation time that employees have earned but not yet taken, which is recorded as a liability on the company's books.

Vacation Benefits Expense

The cost to the company for the vacation time entitled to employees, reflected in financial statements.

Year-End Adjusting Entry

Entries made in the accounting records at the conclusion of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Vacation Benefits Payable

Liabilities owed to employees for vacation time earned but not yet taken.