The Definition of "Long-Term Unemployment" Is Unemployment That Lasts Longer

question 123

Multiple Choice

The definition of "long-term unemployment" is unemployment that lasts longer than ________ weeks.

• A) 28
• B) 4
• C) 10
• D) 14
• E) 8

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Definitions:

Voluntary Severance Packages

Offers made by employers to employees, providing incentives, often financial, to voluntarily leave the company, typically during downsizing.

Downsizing Strategy

A business strategy that involves reducing the company's size through workforce reduction, closing divisions, or selling off parts of the firm to improve efficiency or financial health.

Proactive Strategy

A forward-thinking approach that anticipates future conditions, challenges, or changes, and prepares or acts in advance to address them.

Worker Health

The overall physical and mental well-being of employees, influenced by workplace conditions, safety practices, and occupational hazards.