​Derrick Loses His Job, but Does Not Look for Work

question 241

Multiple Choice

​Derrick loses his job, but does not look for work. Which of the following are consequences of this change in Derrick's status?

• A)unemployment rises and the labor force is unchanged
• B)unemployment rises and the labor force falls
• C)unemployment and the labor force are unchanged
• D)unemployment is unchanged and the labor force falls

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Definitions:

External Suppliers

Third-party companies or entities that provide products or services to another company as part of the supply chain, outside of the purchasing company's organization.

Many-Suppliers Strategy

A procurement approach where a company sources its materials or products from a large number of suppliers to enhance competition and reduce supply risk.

Quality

The degree to which a set of inherent characteristics fulfills requirements or expectations.

Supply Chain

The entire system of producing and delivering a product or service, from the raw material stage to the end user, encompassing all processes and logistics.