Frictional Unemployment Can Be the Consequence of

question 35

Multiple Choice

Frictional unemployment can be the consequence of

• A)workers leaving existing jobs to find ones they like better.
• B)one industry declining while another is growing.
• C)changes in the working conditions offered by competing firms.
• D)All of the above are correct.

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Definitions:

Variance

The difference between planned or expected performance and actual performance, often analyzed in budgeting and performance management.

Liters

A metric unit of volume equal to 1,000 cubic centimeters, commonly used to measure liquids.

Standard Costs

These are predetermined costs of manufacturing a single unit or a number of units of a product during a specific period, based on expected material, labor, and overhead costs.

Price Variance

A variance that is computed by taking the difference between the actual price and the standard price and multiplying the result by the actual quantity of the input.