Answer:
D). Structural
Explanation:
'Structural unemployment' is described as the type of unemployment in which there is a discrepancy between the jobs and skills available in an economy. This is primarily caused to industrial reorganization which leads to a situation where jobs are available but there's an incongruity between the skills required by the companies or organizations and the skills that the workers possess and can offer. This mismatch leads to a state of involuntary unemployment and it can last for years. Thus, <u>option D</u> is the correct answer.
A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.
B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."
C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.
D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.
Whats the Whole Question?
Answer:
The correct answer is Employees benefit from feedback that occurs so often they know what will be said in their annual review.
Explanation:
A good performance management system works to improve the overall execution of the organization by managing compliance of its teams and individuals. In this way, ensure that the ambitions and general objectives of the organization are met. An effective performance management system can play a crucial role in the overall management of an organization for the following reasons:
- Ensure that employees understand the importance of their contribution to the overall ambitions and objectives of the organization.
- Ensure that each employee understands what is expected of him, as well as determining whether employees possess the skills and support required to meet such expectations.
- Ensure adequate alignment or link objectives and facilitate effective communication throughout the organization.
- Facilitate a cordial and harmonious relationship between the employee and the line manager based on trust and empowerment.
Answer: <em> = =0.4114
</em>
Explanation:
Given that ;
p=0.20
n = 20
Therefore we can compute the probability as;
where,
P[X=0] = 0.0115
P[X=1] = 0.0576
P[X=2] = 0.1369
P[X=3] = 0.2054
Therefore;
=0.0115+0.0576 +0.1369 + 0.2054
=0.4114