Unemployment That Results from Fundamental Technological Changes in Production, or from the Substitution

question 125

Multiple Choice

Unemployment that results from fundamental technological changes in production, or from the substitution of new goods for customary ones, is:

• A) the natural rate of unemployment.
• B) full employment.
• C) cyclical unemployment.
• D) frictional unemployment.
• E) structural unemployment.

Understand the role of consumer price index (CPI) and real wages in compensation management.

Grasp the basics of expectancy theory and its implications for motivation and compensation.

Appreciate the various sources and uses of wage survey data in establishing compensation levels.

Understand the legal and regulatory framework governing compensation, including employment standards acts and overtime regulations.

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Definitions:

Rows Area

In spreadsheet software, part of the grid where data is organized horizontally across columns, often identified by numbers.

Columns Area

In spreadsheet software, this refers to the vertical spaces identified by letters (A, B, C, etc.) used to organize data.

Slicer

A tool in spreadsheet software that allows users to filter pivot table data visually, making it easier to analyze or find patterns.

PivotTable

A tool within spreadsheet software that summarizes, analyzes, explores, and presents data in a compact grid format based on selected columns and rows.