One of the Factors Contributing to the Existence of Frictional

question 123

Multiple Choice

One of the factors contributing to the existence of frictional unemployment is

• A)automation.
• B)labor union strikes.
• C)occupational mobility.
• D)falling real GDP.

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Definitions:

Accounting Break-even

The point at which a company's revenues exactly cover its expenses, without generating a profit or a loss.

Cash Break-even

Cash break-even is the point at which a business generates just enough revenue to cover its cash outflows, without making a profit or loss.

Financial Break-even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, representing wear and tear, decay, or decline in value.