When Individuals Are Unemployed Because They Lack the Qualifications to Fill

question 46

Multiple Choice

When individuals are unemployed because they lack the qualifications to fill available jobs, this is called

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

---

Definitions:

Activity Cost Pool

Refers to a grouping of all costs related to a specific activity used in activity-based costing to allocate overhead costs more accurately to products or services.

Activity-Based Costing

A method of costing that assigns costs to products or services based on the activities they require.

Activity Rate

The measure used to allocate costs to activities based on their use of resources.

Activity Cost Pool

A grouping of all the costs related to a particular activity, used in activity-based costing to more accurately allocate costs to products or services.