James Is Currently Unemployed

question 25

Multiple Choice

James is currently unemployed. He is disappointed every Sunday when none of the job advertisements in the newspaper are for workers with his particular skill set. What type of unemployment is James experiencing?

• A)Frictional unemployment
• B)Seasonal unemployment
• C)Cyclical unemployment
• D)Structural unemployment
• E)Natural unemployment

Explore the causes and consequences of the economic boom in the 1990s.

Understand the concept and objectives of downsizing and its implications on organizations.

Distinguish between workforce reduction, work redesign, and systemic change as strategies of downsizing.

Identify the impact of downsizing on organizational culture and employee morale.

---

Definitions:

Revenue Recognition Principle

An accounting guideline that determines the specific conditions under which revenue is recognized or accounted for.

Expense Recognition Principle

A core principle of accrual accounting that dictates when expenses are recognized and reported in the financial statements, generally aligning expenses with the revenues they help to generate.

Income Statement

A financial report detailing a company's revenue, cost of goods sold, gross profit, operating expenses, and net income over a specific period.

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a business or organization.