Frictional Unemployment Refers to Unemployment That Is a Result Of

question 113

Multiple Choice

Frictional unemployment refers to unemployment that is a result of:

• A)a mismatch of skills.
• B)being out of work 27 weeks or longer.
• C)job search.
• D)seasonal decreases in demand for labor.
• E)a recession in the economy.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, without having control or joint control over those policies.

Cost Method

An accounting approach used for investments, where the investment is recorded at its acquisition cost and adjustments are made for dividends received and permanent declines in value.

Equity Method

An accounting technique used when a company invests in a firm and has significant influence over it, recognizing its share of profit or loss in its own financial statements.