Paying Efficiency Wages to Reduce Turnover May Be Profit-Maximizing for Companies,but

question 25

Multiple Choice

Paying efficiency wages to reduce turnover may be profit-maximizing for companies,but it also contributes to ________ unemployment.

• A) frictional
• B) regional
• C) cyclical
• D) structural

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Definitions:

Absenteeism

Refers to the habitual absence of an employee from work, often without good reason, which can impact productivity and operations.

Affective Conflicts

Disagreements in groups or teams, often arising from personal incompatibility, that are emotional rather than substantive in nature.

Cognitive Conflicts

Situations or problems that create a psychological challenge, requiring new thinking or strategy.

Virtual Teams

Groups of people who work together from different geographical locations, relying on electronic communication for collaboration.