Certified Supply Chain Professional (CSCP) Practice Exam

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Prepare for the Certified Supply Chain Professional Exam with a comprehensive quiz featuring multiple choice questions and essential study material. Gain the knowledge and confidence needed to excel in your certification journey!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What characterizes frictional unemployment?

It is caused by economic downturns
It results from normal job transitions
It only occurs in high-demand industries
It involves long-term joblessness

The correct answer is: It results from normal job transitions

Frictional unemployment is characterized by the natural process of individuals transitioning between jobs. This type of unemployment occurs when people are temporarily out of work while searching for a new job that better fits their skills, preferences, or career goals. This can happen for various reasons, such as recent graduates entering the workforce, individuals who voluntarily leave their jobs to find more suitable opportunities, or those relocating to a new area. Since frictional unemployment is a normal part of the labor market, it reflects a healthy economy where workers feel confident pursuing new positions that better match their aspirations. The other options describe different types of unemployment rather than frictional unemployment. Economic downturns relate more to cyclical unemployment, which occurs as a result of reduced economic activity. High-demand industries can experience various forms of unemployment but this does not exclusively pertain to frictional unemployment, and long-term joblessness is associated with structural unemployment, where individuals may be out of work for prolonged periods due to shifts in the economy or industry changes.