Which of the Following Is an Example of Frictional Unemployment

question 41

Multiple Choice

Which of the following is an example of frictional unemployment?

• A) A student goes to school instead of working.
• B) A worker leaves one job and is temporarily unemployed before starting a new one.
• C) A worker can't find a job because she is trained in running an obsolete machine.
• D) A worker stays at home to tend to children.

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Definitions:

Internal Control Procedures

Systems and policies put in place by a company to ensure the accuracy and integrity of financial and accounting information, prevent fraud, and comply with laws.

Cash Receipts

Money received by a business during a set accounting period, including revenue from sales, interest, dividends, and other cash inflows.

Voucher System

A control mechanism in accounting to ensure all business transactions are properly authorized and recorded.

Liabilities

A company's legal financial debts or obligations that arise during the course of business operations, to be settled over time through the transfer of economic benefits including money, goods, or services.