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natta225 [31]
2 years ago
7

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to descri

be Jim? Check all that apply.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed
Business
1 answer:
DIA [1.3K]2 years ago
4 0

When Jim lost his job, he became unemployed and structurally unemployed.

A person is unemployed if he is within the working age, is willing and able to work but does not have a job.

<u><em>Types of unemployment</em></u>

  • Structural unemployment: this type unemployment occurs when the skills a person has is no longer relevant in the economy. It occurs as a s result of changes in the economy. For example, technological advancement can make a person's job redundant.

  • Frictional unemployment:  this type of unemployment occurs from when a person leaves his current employment gets another job.  

  • Voluntary unemployment: a person decides not to work. For example, a factory worker might decide to stop working in order to become a fulltime student.

  • Cyclical unemployment: it occurs as a result of fluctuations in the economy.

To learn more about unemployment, please check: brainly.com/question/4479360?referrer=searchResults

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data provided

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2014: 0.058 x 2.18 x 1.75 = 0.2213 = 22.13%

2015: 0.049 x 2.34 x 1.85 = 0.2121 = 21.21%

b) DuPont analysis for industry averages

2013: 0.054 x 2.05 x 1.67 = 0.2121 = 21.21%

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c) Johnson International's drivers follow the same tendency as the industry's average, e.g. net profit margin decreased in a similar manner, and total asset turnover increased also in a similar manner to the industry's average. The only driver that doesn't follow the industry's trend is financial leverage. While other companies in the same industry decreased their financial leverage, Johnson increased it. You should further analyze why this happened and what are the potential consequences.

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