Daniel,Steven,and Chris Work as Engineers in Connecticut

question 131

Multiple Choice

Daniel,Steven,and Chris work as engineers in Connecticut.The demand for engineers starts to decline as their company's profits start to decrease during a recession.As a result,Daniel and Steven are laid off from their jobs.Daniel and Steven would be classified as

• A) frictionally unemployed.
• B) discouraged workers.
• C) structurally unemployed.
• D) overemployed.
• E) cyclically unemployed.

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Definitions:

Probable Time

An estimate of the amount of time that might reasonably be expected to be needed to complete a specific task or project.

Expected Activity Time

In project management, it's the best estimate of the time required to complete a task, considering various factors like resources and complications.

PERT Analysis

Program Evaluation and Review Technique (PERT) analysis is a project management tool used to plan, schedule, and control complex activities, focusing on task durations to identify minimum project duration.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, assigning weights to each number.