When There Is a Mismatch Between Job Requirements and the Skills

question 67

Multiple Choice

When there is a mismatch between job requirements and the skills of available workers,the resulting unemployment is called

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

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Interest Accrual

A process where interest that has been earned or incurred but not yet paid is recognized and recorded within accounting periods.

Accounts Payable Turnover Ratio

A financial ratio that measures how quickly a company pays off its suppliers by dividing the total purchases by the average accounts payable.

Suppliers

Entities that provide goods or services to another entity, typically within a supply chain.