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. ⇒ <u>STRUCTURAL UNEMPLOYMENT. </u>
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. ⇒ <u>STRUCTURAL UNEMPLOYMENT.</u>
c. Teresa just graduated from college and is looking for a full time position with an investment banking firm. ⇒ <u>FRICTIONAL UNEMPLOYMENT. </u>
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. ⇒ <u>CYCLICAL UNEMPLOYMENT. </u>
Answer:
Answer letter C.
Trade in service can provide traditional and new export opportunities
Answer:
The opportunity cost of the event $21.
Explanation:
Opportunity cost is the loss of alternative when someone chooses an alternative.
Number of Hours = 3 hours
Earning per hour = $7
Total opportunity cost = $7 x 3
Total opportunity cost = $21
As Max has to bear the loss of $21 earning when he goes to the event in the museum. So this is his opportunity cost.
Anticipatory business model is the business type where everything is pre-defined and Response based business model is the one which have reduced the forecasting by joint planning.
<h3>What are types of business models?</h3>
There are various kinds of business model, which business performs these days, it also depends upon the range of customers the business is dealing with. Some of the hem are-
- Product to service model. ...
Thus, both the business model concentrate on different things.
For more details about types of business models, click here:
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Strategic planning is the process of defining the company's strategy and making decisions about how to use resources to accomplish that strategy.
