Although the Overall Unemployment Rate During the Past Recession Hovered

question 332

Multiple Choice

Although the overall unemployment rate during the past recession hovered between 9-10%,the unemployment rate for Millennials was much higher.As this generation struggled to find employment,they were often compelled to continue to live with their parents.Due to current economic concerns,this younger generation was struggling to fulfill _____________________.

• A)physiological needs
• B)safety needs
• C)esteem needs
• D)self-actualization needs

---

Definitions:

Machine-Hours

A measure of production output or activity based on the total hours machines are operated in the manufacturing process.

Overhead Rate

A calculation used to allocate indirect costs to products or services, typically expressed as a rate per unit of activity (e.g., labor hours or machine hours).

Standard Cost System

A cost accounting system that assigns fixed costs for materials, labor, and overhead to products, allowing for variance analysis.

Actual Results

The actual outcomes or figures achieved, compared against forecasts or budgeted amounts.