Which of the Following Individuals Would Be Considered Employed,according to the Bureau

question 9

Multiple Choice

Which of the following individuals would be considered employed,according to the Bureau of Labor Statistics glossary?

• A) a stay-at-home dad who works 40 hours a week taking care of his family
• B) a mother who works 20 hours a week for her husband's business,but is never paid
• C) an individual who was recently laid off and has not found another job yet
• D) an elderly woman who retires from her job but still volunteers
• E) a girl who is 15 working part time at a local grocery store

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Definitions:

Support Department Allocations

The method of distributing the costs of support departments to producing or other service departments that benefit from the activities of the support departments.

Profit Center

A division or branch of a company that is treated as a separate unit for the purpose of assessing its profitability.

Support Department Allocations

The process of distributing indirect costs from support departments to producing departments based on relevant allocation bases.

Operating Income

Operating income is the amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.