Advance Notice of Lay-Offs Should Help to Reduce

question 5

Multiple Choice

Advance notice of lay-offs should help to reduce

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

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Definitions:

Sustainable Manufacturing

The creation of manufactured products through processes that minimize negative environmental impacts, conserve energy and natural resources.

Flexible Manufacturing

A production approach allowing for the quick adjustment of operations and products to respond to market changes or customer demands efficiently.

Lean Production

An organized approach to reducing waste in a manufacturing system while maintaining production levels.

Value Chain Analysis

Value Chain Analysis is a process of examining the development of competitive advantage, focusing on the chain of activities involved in designing, producing, marketing, delivering, and supporting a product or service.