Structural Unemployment Is Unemployment That Results From

question 131

Multiple Choice

Structural unemployment is unemployment that results from:

• A)the changing structure of an industry
• B)the restructuring of an organization
• C)the change in business cycles
• D)the change in seasonal needs
• E)people moving to new geographical areas

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Definitions:

Mark-Up Percentage

The percentage added to the cost of goods to cover overhead and profit, determining the selling price of a product.

Variable Manufacturing Cost

Costs that change with the level of production output, such as raw materials and direct labor, contrasted with fixed costs.

Variable Cost Pricing

Setting prices based on the variable costs of producing a product, ignoring fixed costs.

External Reporting

The process of reporting financial and other information to stakeholders outside the organization, such as investors and regulatory authorities.