Which of the Following Is True

question 67

Multiple Choice

Which of the following is true?

• A)To be classified as employed,you must be a full-time worker at a paid job.
• B)To be classified as employed,you must work at least 20 hours per week at a paid job.
• C)Part-time workers are all those who work less than 40 hours per week.
• D)To be classified as employed,you must work at least 1 hour per week at a paid job or 15 hours or more as an unpaid worker in your family business.
• E)If you are not working and turn down a job offer in the previous week,you are no longer classified as unemployed.

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Definitions:

Sunk Costs

Expenses that have been incurred and cannot be recovered, which should not impact future business decisions.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, legal restrictions, and strong brand identity.

Research and Development

Activities undertaken by companies or organizations to innovate and introduce new products or processes.

Revenue

The total amount of money generated from the sale of goods or services, before deducting any expenses.