In Terms of Selection Methods, in Anglo-Saxon Cultures

question 4

Multiple Choice

In terms of selection methods, in Anglo-Saxon cultures:

• A) what is generally tested is how much the individual can contribute to the tasks of the organization.
• B) the emphasis is more on the quality of education in a particular (job) function.
• C) the recruitment process is characterized by ascertaining how well a person fits in with the larger group.
• D) the emphasis is on personality, communication, and social skills more than intelligence or job function.

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Definitions:

Natural Monopoly

A market situation where a single firm can supply a good or service to an entire market at a lower cost than could multiple firms.

Minimum Efficient Scale

The smallest scale of production at which long-term average costs are minimized, reflecting the point at which economies of scale are fully exploited.

Exclusive Legal Right

An exclusive legal right is a privilege granted by law to an individual or entity to engage in a particular activity or to use a particular property, which is protected against infringement or unauthorized use by others.

Patent

is a legal right granted to an inventor or assignee, providing exclusive rights to make, use, or sell an invention for a certain number of years in exchange for public disclosure of the invention.