All of the Following Statements Pertaining to the Final Steps

question 15

Multiple Choice

All of the following statements pertaining to the final steps in the selection process are true except that

• A)the initial offer is made by telephone.
• B)the immediate supervisor generally handles the offer of employment.
• C)candidates should be given a reasonable length of time to think over the job offer.
• D)a written offer of employment should always be extended.
• E)the offer specifies the starting salary.

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Definitions:

Substitution Effect

The economic theory that as prices rise, or income decreases, consumers will replace more expensive items with less costly alternatives.

Output Effect

The impact on total output or production when a company expands its operations or when there is an increase in economic activity.

Increase In Rent

An upward adjustment in the payment required for the use of rental property, usually determined by market conditions or lease agreements.

Demand For Land

The desire and willingness of consumers or businesses to purchase land at given prices, influenced by factors such as location and potential for appreciation.