A Person Quits Her Job in Order to Spend Time

question 400

Multiple Choice

A person quits her job in order to spend time looking for a better paying job. This is an example of

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

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Definitions:

Current Ratio

A financial metric used to measure a company's ability to pay its short-term liabilities with its short-term assets.

Debt Ratio

A financial ratio that compares the amount of debt a company has to its total assets.

Inventory Turnover Ratio

A measure of how many times a company's inventory is sold and replaced over a given period, indicating the efficiency of inventory management.

Current Ratio

A financial metric that measures a company's ability to pay short-term obligations with its current assets.