Structural Unemployment Is Often Thought to Explain Relatively Long Spells

question 302

True/False

Structural unemployment is often thought to explain relatively long spells of unemployment.

---

Definitions:

Cash Payment

A financial transaction involving the outflow of cash from one party to another as a form of payment.

Internal Control

Methods and protocols established by an organization to guarantee the reliability of financial and accounting data, foster responsibility, and avert deceit.

Record-Keeping Function

The process of maintaining a record of business transactions and financial activities for future reference.

Account System

Refers to a structured process of recording, analyzing, and managing financial transactions of a business or individual.