The country of Trevanvia goes through a period of recession, which leaves a large number of people unemployed due to extensive layoffs by companies. The companies use the strategy of job termination to cut down their costs and reduce their output as the people are now more cautious with their spending. In the given scenario, the layoffs exemplify _____.
A. seasonal unemployment
B. structural unemployment
C. frictional unemployment
D. cyclical unemployment
Answer: D
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What are the ways that a firm can create barriers to entry to deter competition in its business? What factors determine whether these barriers are likely to be enduring?
Signe offers to sell Thomas her textbook but conditions the sale on Thomas accepting the offer by March 1 . Signe may revoke the offer
a. before Thomas accepts the offer. b. before March 1, whether or not Thomas has accepted the offer. c. only after Thomas accepts the offer. d. only after March 1.
Answer the following statement(s) true (T) or false (F)
1. More and more academics are studying the link between spiritual values and practices and organizational performance. 2. To forgive, we must forget past wrongs and move on. 3. Religion and spirituality are interchangeable terms. 4. Evildoers are often ordinary people. 5. The evil as choice perspective emphasizes the motivations behind evil.
Most of Latin America-including the nations of MERCOSUR-is dependent on the price of
A. services. B. ideas. C. luxury brands. D. oil. E. commodities.