When Information About Potential Jobs Is Costly to Acquire and Individuals

question 51

Multiple Choice

When information about potential jobs is costly to acquire and individuals must spend time searching for jobs, which type of unemployment will result?

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

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Definitions:

Egalitarian Skills

Abilities or practices that promote equality and equal opportunities within groups or societies.

Self-Managed Teams

Groups of employees tasked with planning and executing their own work without traditional managerial supervision.

Vertical Organizational Structure

An organizational model where hierarchy and direct lines of authority from top management down to lower level employees are emphasized.

Managerial Function

The roles and activities undertaken by managers to plan, organize, lead, and control to achieve business objectives.