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3 years ago

Identify the following is structural, frictional, cyclical and seasonal employment.

Business

1 answer:

horrorfan [7]3 years ago

8 0

Answer:

Frictional unemployment occurs when people decided to leave their jobs and look for another or people join the labor force for the first time.

Structural unemployment arises from a situation where there is a mismatch between the skills needed in an economy and the skills possessed by people. Happens a lot when employees need to adapt to new technology.

Cyclical unemployment happens as a result of the economy either growing or shrinking.

a. Andrew recently lost his job as an accountant for a large firm because he only knows how to perform the job using a general ledger (paper and pencil), and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ STRUCTURAL UNEMPLOYMENT.

b. Sam recently lost his job as an accountant for a large firm because he only knows how to perform the job a using a general ledger and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ STRUCTURAL UNEMPLOYMENT.

c. Teresa just graduated from college and is looking for a full time position with an investment banking firm. ⇒ FRICTIONAL UNEMPLOYMENT.

d. A recent recession has reduced the number visitors to a local theme park. The park has had to lay off many of its employee, including Beth. ⇒ CYCLICAL UNEMPLOYMENT.

You might be interested in

A leading game console manufacturer reduces the price of its flagship product by 10 percent. Holding other things such as income

nekit [7.7K]

Answer:

E (Last one, you didn't put a letter for it)

Explanation:

The answer is E because a price reduction, depending on how large it is, will mostly have an effect on consumer, or in this case, customer sales. In this case, since it is a smaller percentage, it may not have a very big effect though.

4 0

3 years ago

The fifth step of the interview process is:

goblinko [34]

Answer:

The fifth step in interview process is wrapping up.

Explanation:

Interview Process involves five steps which are as follows:

1. Introduction: The first of the process is introduction in which both the company and candidate introduces themselves.

2. Small Talk: After introduction, the next step is small talk between the interviewer and interviewee. It is helpful to develop relationship between them.

3. Information Gathering: After small talk, interviewer asked the candidate to present himself, so that they can know how much candidate is prepared for the interview.

4. Question/Answer: In this step, the interviewer start asking question relating to the post applied by the candidate. In case, the interviewer asked tough question to the candidate, he should be honest or truthful about the same.

5. Wrapping Up: The last step is to end the interview with the handshake. It makes an impression about the company culture.

Thus, as per the interview process the fifth step is Wrapping Up

6 0

4 years ago

Ibarra Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department,

Morgarella [4.7K]

Answer:

Conversion Costs per unit = $ $599,123/ 110080= $ 5.442

Explanation:

Conversion costs of $ $599,123

Units % of Completion EUP

D.M C.C D.M C.C

Units completed 106,000 100 100 106,000 106,000

Ending Inventory 13,600 100 30 13,600 4080

Total Equivalent Units Of Production 119600 110,080

Conversion Costs per unit = $ $599,123/ 110080= $ 5.442

Another way of finding out is through using the beginning inventory and the units started but as we do not have the % of completion for started units it cannot be computed.

7 0

3 years ago

What is the purpose of government health care programs

MrMuchimi

Government-funded health insurance programs that claim to provide comprehensive funding of their clients' demands have commonly adopted a purposive (deductive) approach to the problem of health care funding.

Hope this helps!

8 0

3 years ago

Ramirez Company sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $4,850,000. Determine (

labwork [276]

Answer:

(A) Break even will be $19,400,000 or 242,500 units
(B) Target profit in sales units will be 267,500 units

Explanation:

Break Even Point (dollars) = Fixed Cost / contribution margin ratio

Break Even Point (units) = Fixed Cost / contribution margin per unit

Contribution Margin Unit = Sales Price - Variable Cost = 80 - 60 = 20

Contribution Margin Ratio = Contribution per unit / Sales Price = 20 / 80 = 0.25

Break even will be $19,400,000 or 242,500 units

Remember:

Contribution Margin will be sales minus variable cost

while the ratio is doing the contribution over the sales price

Trget profit (units) = target profit / contribution per unit +BEP =

500,000/20 + 242,500 = 267,500

or (target profit + fixed cost) / contribution margin per unit =

(4,850,000 + 500,000) / 20 = 267.500

Remember:

Target profit always must be higher than BEP (break-even point) If not, either or both are wrong, because in order to make gains, first you need to pay the fixed cost (BEP) so target profit number needs to be higher than that, always.

4 0

3 years ago