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Which of the following is true regarding performance appraisals and internal selection?
Competitive Firms
Businesses that operate in a market where they must compete with other firms for customers, characterized by the inability to control market prices.
Product Markets
Markets where finished goods and services are bought and sold, as opposed to markets for inputs used in production.
Government Mandate
A government mandate is a requirement set by governments that individuals or organizations must follow, often under penalty for non-compliance.
Employer Prejudice
Biases or preconceived notions held by employers against certain groups of people, often affecting hiring and work practices.
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