In 2005, General Motors Announced a 20% Reduction in Its

question 184

Multiple Choice

In 2005, General Motors announced a 20% reduction in its staffing levels and the closure of many assembly plants. Those laid off as a result would likely be classified as

• A)seasonally unemployed.
• B)frictionally unemployed.
• C)cyclically unemployed.
• D)structurally unemployed.

---

Definitions:

Sale Price

The final price at which an item or service is sold, often after discounts or negotiations.

Scratches

Marks or superficial damage on a surface caused by scraping or abrasion, often affecting the appearance or function of an item.

Sales Prices

The set amount at which goods or services are sold to customers, influencing the business's revenue.

Salespeople

Individuals who are employed to sell products or services to customers.