The Most Serious Drawback to Using Seniority as a Major

question 82

Multiple Choice

The most serious drawback to using seniority as a major criterion for promotion is:

• A) It discourages young employees.
• B) It encourages young employees to stay with the company.
• C) It restricts the number of people to be considered for the position.
• D) None of the above.

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Definitions:

Marginal Product

The additional output generated by employing one more unit of a factor of production.

Output Level

The total quantity of goods and services that a firm or industry produces over a set period.

Marginal Cost

The additional cost incurred by producing one more unit of a product or service.

Sixth Unit

Refers to the additional, often specifically the sixth item or unit in a sequence or series in various contexts, possibly emphasizing its incremental impact.