Tom Has Been Unemployed for a Long Time Because He

question 159

Multiple Choice

Tom has been unemployed for a long time because he has not been able to find a job in which he can apply his specialized knowledge about the Robostic Data System (RDS) ,a computer system that is now obsolete.What type of unemployment is Tom facing?

• A)Structural unemployment
• B)Frictional unemployment
• C)Seasonal unemployment
• D)Cyclical unemployment

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Definitions:

Safeguarding Cash

Implementing measures and controls to protect cash assets from theft, fraud, or misuse.

Contractual Restrictions

Limitations placed on transactions, operations, or activities that are outlined in a legal contract between parties.

Negotiable Checks

Checks that can be converted to cash or equivalent by the holder, allowing for easier transactions and liquidity.

Internal Control

Systems and procedures designed to ensure the accuracy and reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.