By Offering Training to Workers Whose Firms Sacked Them Because

question 29

Multiple Choice

By offering training to workers whose firms sacked them because of competition from foreign firms, the federal government is attempting to reduce:

• A)frictional unemployment.
• B)structural unemployment.
• C)cyclical unemployment.
• D)seasonal unemployment.

---

Definitions:

Factory Wages Payable

An account representing the amounts owed to manufacturing personnel for wages that have been earned but not yet paid.

Work in Process Inventory

Goods in manufacturing that are partially completed; not yet ready for sale but more advanced than raw materials.

Direct Material Usage

The quantity of raw materials or supplies consumed in the production of goods or services.

Raw Materials Inventory

The total cost of all components and materials stored that are intended to be used in production.