For Twenty Years,Jim Was a Customer Service Representation at a Call

question 132

Multiple Choice

For twenty years,Jim was a customer service representation at a call center in Minnesota.In order to save money,his firm moved the call center to India and laid off Jim two years ago.Jim has been unable to find a similar job anywhere.Jim's unemployment is best classified as

• A)cyclical.
• B)transported.
• C)structural.
• D)frictional.
• E)competitive.

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Definitions:

Earned Income

Income derived from active participation in a business or wage-earning employment.

Transportation Costs

Expenses incurred for transporting goods or individuals from one location to another.

Deductible

An amount that can be subtracted from an individual's gross income or insurance claim, reducing the taxable income or payable sum.

Business Meeting

A gathering organized for the purpose of discussing and conducting business activities or matters.