According to the Material in the Spotlight on Small Business

question 202

Multiple Choice

According to the material in the Spotlight on Small Business box in Chapter 11,which of the following statements about recruiting workers for a small business is the most accurate?

• A)Small businesses generally find it easier to recruit qualified workers than do large firms.
• B)Specialized sites on the Internet provide an effective and relatively inexpensive way for small businesses to recruit workers.
• C)Small businesses should place one person in charge of selecting new hires and limit the total number of people involved in the process to no more than 3.
• D)Small businesses should avoid hiring their own customers,since doing so is likely to cause a conflict of interest.

---

Definitions:

Aggregate Factor Costs

The total cost of all inputs used in the production of goods or services, such as labor, capital, and materials.

Total Demand

The complete quantity of a product or service that all consumers in a market wish to purchase at a given price and time.

Market Share

The percentage of total sales volume in a market captured by a brand or company, indicating its competitiveness and position relative to its competitors.

Uniformly Spread

An evenly distributed condition where resources, instances, or values are spaced out over a specified range or area with no concentration in any part.