Structural Unemployment Occurs When

question 129

Multiple Choice

Structural unemployment occurs when

• A)workers have quit one job and are looking for a better one.
• B)high school graduates enter the labor market every June.
• C)the business cycle is in a downturn and people are laid off.
• D)the people without jobs have skills that don't match the available job openings.

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Definitions:

Liquidating a Partnership

The process of terminating a partnership by selling off assets, paying off creditors, and distributing the remaining assets to partners.

Divide Profits

The process of allocating earnings among shareholders, partners, or other stakeholders according to their ownership interests or agreement terms.

Remaining Cash

The amount of cash a business has after all expenses and distributions have been made.

Revaluation

The process of adjusting the book value of an asset to reflect its current market value.