The Purpose of ________ Is to Hire Applicants Who Will

question 53

Multiple Choice

The purpose of ________ is to hire applicants who will be the most productive employees.

• A) a job enhancement program
• B) personnel selection
• C) a functional job analysis
• D) job recategorization

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Definitions:

Inflation

An increase in the overall level of prices in the economy

Output

The amount of goods or services produced by a firm, industry, or economy over a given period.

Sacrifice Ratio

A measure of the economic cost of reducing inflation, calculated as the percentage of annual output lost per one percentage point reduction in inflation.

Inflation

A general increase in prices and fall in the purchasing value of money.