A Worker Who Loses a Job at a Call Center

question 40

Multiple Choice

A worker who loses a job at a call center because the company moved the call center operations to another country is an example of

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) disguised unemployment.

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Definitions:

Accumulated Depreciation

Accumulated Depreciation is the total amount of depreciation expense that has been allocated to a tangible asset since it was put into use, reducing its book value.

Carrying Amount

The net amount at which an asset or liability is recognized in the balance sheet, after deducting any accumulated depreciation, amortization, or impairment.

Cost

The amount of money or resources expended to acquire an asset, produce goods, or offer a service.

Intangible Asset

This is an asset that lacks physical substance, such as patents, trademarks, and goodwill, yet offers economic value to its owner.