MATCHING KEY TERMS AND DEFINITIONS

question 1

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-HRM organization charts indicating positions that may become vacant in the near future and the individuals who may fill the vacancy.

• A)Flex time
• B)Group interview method
• C)O*NET
• D)Strengths
• E)Technical conference method
• F)Job evaluation
• G)Replacement chart
• H)Diary method
• I)Position Analysis Questionnaire (PAQ)
• J)Human resource planning
• K)Job description
• L)Essential functions
• M)Compressed work week
• N)Job specification
• O)Structured questionnaire method

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Definitions:

Monopolistically Competitive

A market structure in which many firms sell products that are similar but not identical, and each has some control over its price.

Industry Exit

The process by which businesses leave a particular market or cease operations, often due to unprofitability or strategic realignment.

Herfindahl Index

A measure of market concentration and competition among firms within an industry, calculated by summing the squares of individual firms' market shares.

Four-Firm Concentration Ratio

A measure of market structure that indicates the combined market share of the four largest firms in an industry, used to assess the level of competition.