Statement I: During Periods of Prosperity,cyclical Unemployment Will Generally Be

question 173

Multiple Choice

Statement I: During periods of prosperity,cyclical unemployment will generally be greater than the sum of frictional and structural unemployment.
Statement II: From 1983 to the present,the U.S.has suffered through three recessions.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Frank and Lillian Gilbreth

Pioneers in the field of industrial engineering, known for their studies in time and motion, and for improving workplace efficiency and productivity.

Incentive Wage Plans

Compensation systems that link a portion of employees' pay to their performance or productivity, aiming to motivate higher levels of output or quality.

Unity of Command Principle

A management principle stating that each employee should report to only one manager, to avoid confusion and conflict in instructions and authority.

Scientific Management

A theory in management focusing on improving economic efficiency, especially labor productivity, by systematically analyzing workflow and processes.