What Is Defined as the Ability of a Firm to Earn

question 104

Multiple Choice

What is defined as the ability of a firm to earn high profits by raising and keeping the prices of its products substantially above the levels at which those products would be priced in competitive markets?

• A)Economies of scope
• B)Tacit collusion
• C)Monopoly power
• D)Perfect competition

Understand the components and significance of planning in human resources management.

Identify the role and characteristics of external recruitment sources including headhunters.

Recognize the importance and methods of verifying applicant references.

Understand the functions involved in human resources management including testing and selection.