Esther Was Happy in Her Job and Was Not Looking

question 42

True/False

Esther was happy in her job and was not looking to make a change. Her friend, Leah, worked at TruTech. TruTech had several job openings and encouraged its employees to refer suitable candidates. Leah thought Esther would be perfect for the job and recommended her for it. In this recruitment scenario, the applicant was active and the company was passive.

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Definitions:

Wage

The fixed regular payment earned for work or services, typically paid on a daily or weekly basis.

Profit Maximizing

Refers to the process by which a firm adjusts its production to achieve the highest possible profit based on given market conditions and cost structures.

Employment

The condition of having paid work, or the total number of people who are currently employed or actively looking for work.

Variable Input

Inputs or resources whose quantity can be changed in the short term to adjust the level of production, such as labor or raw materials.