Which of the Following Statements About Frictional Unemployment Is True

question 93

Multiple Choice

Which of the following statements about frictional unemployment is true?

• A) It can be eliminated only in a free society.
• B) It is a long-term unemployment.
• C) It does not exist in developed economies.
• D) It is also called structural unemployment.
• E) It arises when people choose to change jobs.

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Definitions:

Operational Planning

The process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success, and explains how, or what portion of, a strategic plan will be put into operation during a given operational period.

Strategic Plan

A systematic process of envisioning a desired future and translating this vision into broadly defined goals and a sequence of steps to achieve them.

Strategic Management

The process by which an organization's leaders develop and implement plans to achieve specific goals and objectives over the long term, taking into account both internal and external environments.

Analytical Planning

The process of systematically analyzing variables in order to make informed, strategic decisions.