Unemployment That Occurs from Fundamental Technological Changes in the Production

question 162

Multiple Choice

Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:

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

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Definitions:

Human Resource Management

A strategic approach to the effective and efficient management of people in an organization in a way that helps the business gain a competitive advantage.

People-centered Practices

Business or organizational strategies that emphasize the importance and well-being of employees, promoting a positive workplace culture.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, which can impact the company's performance and morale.

Selection Process

The method by which candidates are screened and chosen for a position based on criteria such as skills, experience, and suitability.