Unemployment Resulting from a Mismatch of Workers' Skills and Job

question 10

Multiple Choice

Unemployment resulting from a mismatch of workers' skills and job requirements is called

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

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Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period, before any deductions.

Expenses

Costs incurred in the process of earning revenue, such as rent, utilities, and salaries.

Stockholders' Equity

The remaining interest in a corporation's assets after all liabilities are subtracted, which signifies ownership.

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered but not yet paid for.