Answer:
The answer is:
1. Cyclical Unemployment
2. Frictional Unemployment
3. Natural Unemployment
Explanation:
1. Unemployment caused by recessions - cyclical unemployment. It is caused by reduction in total spending, low activities in the economy. Coronavirus pandemic is already causing cyclical unemployment.
2. Unemployment that normally occurs due to turnover as workers switch jobs - frictional unemployment.
This happens when a worker leaves a job to search for another. The unemployment between the time gap is frictional unemployment.
3. The unemployment rate that exists when the economy is operating at potential - Natural Unemployment.
Unemployment caused by replacement of obsolete technology or lack of required skills are called natural employment.
Successful business people never take their eye off the one thing that made them successful in the first place: the primary function of any business is making money. You can't make money without customers or clients (unless you're in the business of robbing banks or bribing politicians).
Actually, the time frames of ERP projects would actually depend on different scenarios taking place. These scenarios are as follows:
For financial modules: 2.5 - 4 months
For financial modules and sales functionality: 5 - 6 months
For financial modules, sales, and inventory functionality: 5 - 7 months
Answer:
a. $612
b. $2,480
Explanation:
a. Overhead is applied at a rate of $12 per direct labor hour.
Overhead applied would therefore be;
= 12 * total labor hours
= 12 * 51
= $612
b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead
= 978 + 890 + 612
= $2,480
Answer: Labor
Explanation: Human Resources (labor) The quantity and quality of human effort directed toward producing goods and services (also called labor).
