Sandy Has Graduated from College and Is Devoting Her Time

question 32

Multiple Choice

Sandy has graduated from college and is devoting her time to searching for a job.She has seen plenty of openings but has not yet been offered one that best suits her tastes and skills.Sandy is

• A)structurally unemployed.Structural unemployment exists even in the long run.
• B)structurally unemployed.There is no structural unemployment in the long run.
• C)frictionally unemployed.Frictional unemployment exists even in the long run.
• D)frictionally unemployed.There is no frictional unemployment in the long run.

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Definitions:

Production Contingencies

Unplanned or unexpected events that can affect the production process, requiring a company to adapt its resources or schedules.

Actual Costs

The true, total amount spent on goods or services, factoring in all relevant expenses.

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual performance and cost control.

Normal Standards

Generally accepted benchmarks or criteria within a specific industry or area of business against which processes, products, or activities are measured.