The Type of Unemployment That Occurs Because Technological Changes Make

question 137

Multiple Choice

The type of unemployment that occurs because technological changes make some jobs obsolete is known as

• A)structural unemployment.
• B)cyclical unemployment.
• C)technological unemployment.
• D)unemployment.

Identify the factors affecting the choice of remedy for a breach of contract.

Recognize the conditions under which a contract may be terminated.

Understand the principles governing the award of damages in contract law.

Differentiate between equitable remedies and damages.

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Definitions:

Credits

Entries that increase liabilities, revenues, or equity, or decrease assets or expenses in accounting.

Transferring

The process of moving items, such as data, assets, or inventory, from one location or account to another.

Ledger Accounts

Individual records within the general ledger that show the transactions and balances for each accounting period, relating to specific assets, liabilities, equity, revenues, and expenses.

Recording

The process of documenting financial transactions in the accounting records of a business.