Structural Unemployment Is the Result of

question 174

Multiple Choice

Structural unemployment is the result of

• A)voluntary job quitting by workers.
• B)changing labor needs by firms during the year.
• C)technology changes or foreign competition.
• D)changes in the family structure.
• E)downturns in the business cycle.

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Definitions:

Uncontrollable Expenses

Uncontrollable expenses are costs that cannot be changed or influenced in the short term by the actions of managers or individuals within the organization.

Joint Cost

A cost that is incurred in producing multiple products where the costs cannot be easily separated for each product produced.

Product Cost

The total of direct materials, direct labor, and manufacturing overhead expenses incurred in producing a product.

Differential Cost

The difference in total cost that will result from selecting one alternative over another.