A recent college graduate with a major in economics attends a job fair but has not yet found a job. This graduate is counted as a Frictionally unemployed worker.
What is frictional unemployment?
Frictional unemployment happens when a person is voluntarily job searching or searching for a new career. Frictional unemployment isn't necessarily a bad thing. In fact, because frictional unemployment is voluntary, it can be a sign of a healthy economy. It means that employees are seeking new jobs and new careers
What is an example of frictional unemployment?
Examples of frictional unemployment include: Employees leaving their current positions to find new ones. Employees seeking a career change. Individuals entering the workforce for the first time after graduating from college or searching for their first job.
Learn more about frictional unemployment:
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Solution :
In the context, it is given Alex and J.J. both are applying for a job openings in a law firm at Chicago. Both of them got the job offer but J.J. got lower salary than Alex. The salaries are different for both J.J and Alex. Some of the possible explanations for the difference in salaries that may be related to some scenarios are :
- Alex went to higher tier law school ---- difference in education
- J.J. is reentering the workforce after two years away --- difference in experiences.
- Alex will be working with a notoriously difficult boss --- compensating differentials.
- Alex is a man and J.J. Is a woman --- economic discrimination.
The answer is disseminator. When a manager informs his or her
employees about the changes taking place within the external and internal
environment of the workplace, which may affect them and the organization as
well, he acts as a disseminator; a disseminator communicates to his or her
employees the organization’s vision and purpose. Being a disseminator is part
of Mintzberg’s Managerial Roles.
Answer and Explanation:
The classification is as follows:
1. Dividend of preferred stock paid - Financing activity
2. Purchase of the property for a future factory - Investing activity
3. Issuance of the common stock shares - Financing activity
4.Rise in accrued liabilities - Operating activity
5. Sell some old equipment - Investing activity
The following are expected to increase in the cash flow
1. Issuance of the common stock shares
2. Rise in accrued liabilities
3. Sell some old equipment
Increase inventory holdings - Operating activity
Sell a tract of land it has held for years - Investing activity
Answer:
D) have customers who operate in many different parts of the country.
Explanation:
A lockbox is basically a bank mailing address where a company's clients can send their payments to. It is similar to mailbox that receives letters, only that this one receives checks and cash. The bank is in charge of opening the lockbox and depositing the cash and checks to the company's account, and reporting the information.
