When Conducting a Posting for a Job Vacancy and Selecting

question 4

Multiple Choice

When conducting a posting for a job vacancy and selecting an employee to fill the vacancy employers must ensure that:

• A) the job specifications are reasonable
• B) all employees on layoff are recalled before the posting
• C) managers do not use testing
• D) managers do not refer to performance appraisals
• E) a and b

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Definitions:

Accounting Profits

The net income of a company calculated by subtracting total expenses from total revenues, following accounting rules.

Natural Monopoly

A market condition where due to high fixed costs or unique resources, a single firm can supply a product or service at a lower cost than any potential competitor, thus dominating the market.

Natural Monopoly

A market situation where a single supplier is most efficient in providing goods or services due to the high fixed or startup costs relative to the size of the market.

Per-unit Cost

The cost associated with producing a single unit of a product, including all variable and fixed costs divided by the total output.