Lefrada, a luxury watchmaker, stops production for three months and lays off 30 employees because of a sharp decline in its sales during the period of recession. In the given scenario, the laid off employees are facing _____.
A. seasonal unemployment
B. structural unemployment
C. frictional unemployment
D. cyclical unemployment
Answer: D
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Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Increase in Accounts Receivable—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
When an organization is using growth strategy, it will
A. have benefit levels that are above market levels. B. have a time orientation that is short-term. C. have pay levels that are below market levels in the short run. D. make centralized pay decisions. E. not share risks with employees.
An outside firm selected to provide services to an organization is called a
a. contract vendor. b. lessee. c. network organization. d. centralized insourcer.
A code of ethics is ______.
A. required by law in the United States B. a specific set of professional behaviors and values C. based upon principles developed by the United Nations D. mandated by the ISO