When a Group of Workers Find That Their Job Skills

question 46

Multiple Choice

When a group of workers find that their job skills and work experience have become obsolete and are not needed by industry, this type of unemployment is:

• A)search.
• B)frictional.
• C)structural.
• D)cyclical.

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Definitions:

ABC Stock

A hypothetical or generic naming for a stock used in examples; not a specific financial term.

Positive Earnings

When a company’s income, excluding losses and expenses, is more than zero indicating profitability.

Convertible Bonds

Convertible bonds are types of bonds that can be converted into a predetermined number of shares of the issuing company's stock at certain times during the bonds' life, usually at the discretion of the bondholder.

Warrants

Securities that provide the holder the right to purchase the company's stock at a specified price before the expiry date.