An Example of the External Labor Market Is the Situation

question 6

Multiple Choice

An example of the external labor market is the situation where:

• A) an assessment center operated by an external consulting firm evaluates company managers for promotion potential.
• B) a new vice president of marketing is hired from a competitor.
• C) the senior vice president of finance is promoted to CEO.
• D) a vice president of human resources is sent to a university executive MBA program for professional development.

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Definitions:

Independent Variable

A variable that is manipulated or changed in an experiment to see if it has an effect on the dependent variable.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together, ranging from -1 to 1, where 1 means a perfect positive relationship, -1 means a perfect negative relationship, and 0 means no relationship.

Variables

Elements or factors that can change and affect the outcomes of scientific research or experiments.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, showing the strength and direction of their relationship.