The Best Example of a Frictionally Unemployed Worker Is One

question 118

Multiple Choice

The best example of a frictionally unemployed worker is one who

• A)reduces productivity by causing frictions in a business
• B)is laid off during a recessionary period in the economy
• C)is in the process of voluntarily switching jobs
• D)is discouraged and not actively seeking work
• E)cannot find a job that matches with his skills

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Definitions:

Internal Failure Cost

Expenses incurred when a product fails to reach quality standards before it is delivered to the customer, including scrap and rework costs.

Quality Cost Report

A financial report detailing the costs associated with ensuring products meet quality standards, including prevention, appraisal, and failure costs.

Rework Labor

The effort and cost associated with correcting defective goods or services after they have been produced.

External Failure Cost

Costs incurred when a product or service fails to meet quality standards after being delivered to the customer, including returns, repairs, and warranty claims.