Frictional Unemployment Always Exists Because

question 269

Multiple Choice

Frictional unemployment always exists because

• A) some workers quit their jobs without having another job already lined up.
• B) the government has never instituted full employment policies.
• C) workers are lazy and refuse to accept certain jobs.
• D) recessions are necessary sometimes to keep the economy healthy.

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Definitions:

Accounts Receivable

Accounts Receivable is an asset account on the balance sheet representing money owed to a business by customers for goods or services delivered on credit.

Inventory Turnover Ratio

A measure of how quickly a company sells its inventory in a given period, calculated by dividing the cost of goods sold by the average inventory.

Liquidity Ratio

A financial metric indicating how quickly a company can convert assets into cash to meet short-term obligations.