A Survey Showed That in Each of the Past 12

question 154

Multiple Choice

A survey showed that in each of the past 12 months there was one person who was unemployed who worked in all other months.There were also two people who were unemployed for all 12 months.What percentage of the unemployment spells during the year was short term,and what percentage of the unemployment in a given month was long term?

• A)75% was short term;33.3% was long term
• B)75% was short term;66.7% was long term
• C)85.7% was short term;33.3% was long term
• D)85.7% was short term;66.7% was long term

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Definitions:

Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time.

Claims Against Assets

refer to the rights or legal interests that creditors, and sometimes other parties, have in a company's assets.

Management Accountant

A professional who provides financial data and analysis to decision-makers within the organization for informed management.

Tax Planning

The process of analyzing financial situations from a tax perspective, with the aim to ensure tax efficiency and compliance.