Phillip Is a 22-Year Old Who Has No Job and Is

question 124

Multiple Choice

Phillip is a 22-year old who has no job and is available for work,but has not actively looked for a job in the last month.The Current Population Survey identifies Phillip as ________,________ the labor force,and ________ the working-age population.

• A)unemployed;part of;part of
• B)unemployed;part of;not part of
• C)not unemployed;not part of;part of
• D)not unemployed;not part of;not part of
• E)not unemployed;part of;part of

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Definitions:

Insurance on Merchandise Inventory

A protection coverage for businesses against loss or damage to their stock of goods.

Service Department Charges

Costs allocated to the various service departments within an organization, typically for internal accounting purposes.

Income from Operations

The profit realized from a business's ongoing operations, calculated before taxes and interests, reflecting the efficiency of the core business activities.

Service Department Charges

These are the costs allocated to the production departments from service departments within a company, assisting in accurately assessing the cost of production.