One Reason Our Full Employment Goal Is Not Zero Percent

question 88

Multiple Choice

One reason our full employment goal is not zero percent is because:

• A) Frictional unemployment will always exist.
• B) Cyclical unemployment will always exist.
• C) Population growth makes such a goal impossible.
• D) Discouraged workers make such a goal impossible.

Comprehend the roles of programmed and nonprogrammed decisions in organizational contexts.

Note the importance of decision rules in simplifying decision-making processes.

Recognize the personal and psychological factors contributing to decision-making errors, specifically escalation of commitment.

Grasp the fundamentals of knowledge management in enhancing decision-making.

---

Definitions:

Oral Modifications

Changes to a contract or agreement made through spoken communication between the parties involved, rather than in written form.

Parol Evidence Rule

A rule in contracts law that prevents parties from presenting extrinsic evidence of terms of the contract that contradict, modify, or vary contractual terms written in the contract document.

Oral Evidence

Testimony or statements spoken out loud in court as opposed to written evidence.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing to be enforceable.