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Compared with older workers, younger workers change jobs more frequently, so they are more prone to _____ unemployment and have fewer skills, so they are more prone to ____ unemployment.

frictional; structural

cyclical; frictional

structural; frictional

frictional; cyclical

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Which of the following statements are correctly stated about Corporate Social Responsibility (CSR)?

Choose two answers.

CSR initiatives require investments and always decrease a firm profitability in the long-run.

Companies should evaluate and address the broader impacts of their decisions on primary stakeholders only.

The main purpose of CSR is to ensure the highest possible financial returns to shareholders.

CSR requires companies to take accountability for their social, environmental, and economic impacts.

Community engagement under CSR can be strategic, aiming to support sustainable community development rather than just profit-making.

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Which of the following is NOT covered or a key part of the 13 privacy principles related to Australian privacy law?

Notification of the collection of all types of information.

Collection of solicited personal information.

Open and transparent management of personal information.

Anonymity and pseudonymity.

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Which of the following statements is correct regarding validity of contracts?

For valid contracts, the parties must genuinely consent to the contract terms.

Minors under the age of 18 can never be a party to a valid contract.

Valuable consideration of the contract needs to set at market value.

A contract will always be valid if there is an agreement between the parties.

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Which statements about shareholders and stakeholders are CORRECT?

(Select three answers.)

Stakeholders include past, current, and future generations.

The majority of stakeholders are company shareholders.

Stakeholders are individuals or groups who can affect or be affected by an organization’s decisions, policies, or practices.

Stakeholders include groups that do not have a formal contractual relationship with the focal firm.

Stakeholders are a subset of shareholders.

Only primary stakeholders have the power to affect an organization’s decisions.

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Suppose a study comes out that finds that while running is the best way to improve your cardiovascular health, it is best for your foot and knee health to do so barefoot. At the same time, a surge in oil production sees the price of synthetic rubber drop.

Which of the following graphs reflects these impacts on the

market for running shoes?

Demand decrease, supply decrease

Demand increase, Supply decrease

Demand decrease, Supply increase

Demand increase, supply increase

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Rachel is dying for some coffee. In which case would her demand likely be most inelastic?

She lost her job months ago and only has $30 in her bank account.

She's on a road trip through the Australian outback. She's at the only petrol stop for the next 200kms.

She's in the Sydney CBD hoping to get a coffee within the next 30 minutes.

She usually orders a flat white with soy milk, but isn't super picky. The café has a huge range of milk options, but updated its price list to charge $2 extra for soy milk.

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Which of the following is NOT covered or a key part of the 13 privacy principles related to the Australian privacy law?

Dealing with unsolicited personal information

Adoption, use, or disclosure of government-related identifiers

Notification of the collection of personal information

The use of personal information in indirect marketing

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