Unemployment That Results from a Mismatch of Workers' Abilities and Skills

question 8

Multiple Choice

Unemployment that results from a mismatch of workers' abilities and skills with current requirements of employers is

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

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Definitions:

Third-party Logistics Firm

A business that provides outsourced logistics services covering warehousing, transportation, and distribution for other companies.

Supply Management

The process of managing and optimizing the sourcing, procurement, and logistical activities required to obtain products, services, and materials needed by a company.

Organizational Purchasing

The systematic process by which companies buy goods and services they need to operate, considering factors like price, quality, and delivery times.

Closed-loop Supply Chains

Supply chains designed to integrate forward logistics with the reverse logistics process, enabling recycling, refurbishment, or disposal of products.