Structural Unemployment Exists Because

question 110

Multiple Choice

Structural unemployment exists because

• A) workers may not be willing to accept jobs at the going wage rate.
• B) of fluctuations in economic activity.
• C) technological changes make the skills of the workers incompatible with the skills used on the job.
• D) it takes time for people seeking jobs and employers seeking workers to find each other.

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Definitions:

Work in Process Inventory

Goods that are in the manufacturing process but are not yet completed, representing a stage between raw materials and finished goods.

Job-Order Costing

An accounting method that tracks costs individually for each job, rather than by process or department, making it suitable for companies producing unique or custom products.

Process Costing

A method of costing used to ascertain the cost of a product at each process or stage of manufacture.

Weighted-Average Method

An inventory costing method that assigns a weighted average cost to each unit of inventory on hand.