Which of the Following Is True About Workers Who Experience

question 60

Multiple Choice

Which of the following is true about workers who experience structural unemployment?

• A) They quickly accept a much lower salary in a different industry.
• B) They become unemployed due to the business cycle fluctuations.
• C) They sometimes enter the pool of discouraged workers.
• D) They tend to quit their job search very easily.
• E) They usually have the necessary skills to maintain their level of income in another industry.

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Definitions:

Units Transferred

The quantity of goods moved from one production process or department to another in the manufacturing process.

First-In, First-Out Method

An inventory valuation method where goods purchased or manufactured first are sold or used first.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed output units.

Conversion Costs

Costs incurred to convert raw materials into finished goods, including both direct labor and manufacturing overhead.