Susan,Kevin,and Joshua Are Three Individuals Who Were Previously Employed but Do

question 43

Essay

Susan,Kevin,and Joshua are three individuals who were previously employed but do not have jobs now.Classify these three individuals according to their type of unemployment:
a)Susan lost her job a year ago.Although she would like to have a job,she has given up looking for one as she thinks there are no suitable jobs available for her.
b)Kevin was working as a finance teacher,but quit his job a few months back to become a stockbroker.Ever since he quit his job,he has been unable to get a new one,although he is actively looking for one.
c)Joshua was employed in a steel mill.He lost his job when the labor union in his mill demanded a hike in wages.

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Definitions:

Return On Investment (ROI)

A measure of profitability calculated by dividing net profit by the cost of investments.

Return On Investment (ROI)

A performance measure used to evaluate the efficiency of an investment by comparing its gain to its cost.

Contribution Margin Ratio

The proportion of revenue from each dollar of sales that goes toward covering fixed expenses and creating profit.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, such as leases and insurance premiums.