What Is the Term for Unemployment Resulting from Normal Turnover

question 102

Multiple Choice

What is the term for unemployment resulting from normal turnover in the labour market?

• A)structural unemployment
• B)frictional unemployment
• C)cyclical unemployment
• D)season unemployment

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Definitions:

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets.

Acquisition

An acquisition involves one company purchasing another company or its assets, often to expand its operations or enter new markets.

Trade Name

A commercial name under which a business operates and is known to its customers.

Legal Costs

Expenses incurred by an entity related to legal services, including attorney fees, court fees, and settlements.