Which of the Following Explains Why Frictional Unemployment Exists

question 24

Multiple Choice

Which of the following explains why frictional unemployment exists?

• A) Some workers have skills that have become obsolete.
• B) There are individuals who work part-time but prefer to work full-time.
• C) There are costs associated with searching for jobs.
• D) Policy makers have been unable to prevent recessions.

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Definitions:

Cultural Intelligence

The ability to relate to and work effectively across cultures and social contexts.

Functional Excellence

The mastery or high-level proficiency in specific functions or disciplines within an organization that drives superior business performance.

Decentralized Decision

A decision-making process distributed among various levels of an organization, allowing for quicker responses and employee empowerment.

Corporate Vision

A strategic declaration of a company's long-term objectives and desired future state, guiding its direction and decision-making.