Unemployment Insurance: Definition and Significance


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question 1 of 3

Select the statement that is NOT correct regarding unemployment compensation.

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1. Who administers unemployment compensation?

2. How are unemployment compensation benefits related to the economy of a country?

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About This Quiz & Worksheet

Unemployment compensation can help those workers who are not employed, and this quiz/worksheet will help you test your understanding of the funding, significance, and eligibility of it.

Quiz & Worksheet Goals

In these assessments you'll be tested on the following items:

  • Way unemployment compensation is funded
  • Requirements for unemployment benefit eligibility
  • Organization that administers unemployment compensation
  • Law of which unemployment compensation is a part
  • Characteristics of unemployment compensation

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Information recall - access the knowledge you've gained regarding unemployment benefit eligibility
  • Knowledge application - use your knowledge to answer questions about the law under which unemployment compensation falls

Additional Learning

To learn more, review the corresponding lesson titled Unemployment Insurance: Definition and Significance. The lesson will help you:

  • Understand the unemployment compensation system
  • Know how it is funded
  • Explore the rules for eligibility of unemployment compensation
  • Discover the way in which unemployment insurance can negatively affect employers