Organizational Activities That Influence the Number and Types of Individuals

question 5

Multiple Choice

Organizational activities that influence the number and types of individuals who apply for a position are known as:

• A)selection.
• B)recruitment.
• C)hiring.
• D)procurement.

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Definitions:

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Total Revenue

The total income received by a company from its sales of goods or services, calculated without deducting any costs or expenses.

Price Range

The spread between the highest and lowest selling price of a commodity or service over a certain period of time, reflecting its market volatility or stability.

Elasticity of Demand

A determination of the responsiveness of consumer interest in a good due to price fluctuations.