The Economy Has Gone into a Recession

question 155

Multiple Choice

The economy has gone into a recession.You have majored in computer science and,because of the recession,have difficulty in finding a job.Should you go back to school and get a second major?

• A)Yes,the recession will ensure that you will never find a job as a programmer.
• B)Yes,the recession will lower income in my field permanently.
• C)No,the recession will most likely be short-lived and I can get a job after it is over.
• D)No,the recession will have no impact on my ability to get a job or my future income.

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Definitions:

Snowmobile

A motorized vehicle designed for travel over snow, usually on runners with a treaded rear allowing for propulsion across snow-covered terrains.

Floating Charge

A debt security issued by a corporation in which assets of the corporation, such as stock-in-trade, are pledged as security. Until such time as default occurs, the corporation is free to dispose of the assets.

Creditor

An entity or person to whom money is owed by a debtor.

Inventories

The total amount of goods and materials held by a company for the purpose of sale or production.