Profit-Maximising Competitive Firms Cannot Discriminate in the Hiring of Workers

question 78

True/False

Profit-maximising competitive firms cannot discriminate in the hiring of workers unless consumers exercise a preference for discrimination in product markets.

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Definitions:

Training and Development

Organizational activities aimed at enhancing the skills, knowledge, and capabilities of employees.

Performance Management

The systematic process of monitoring, assessing, and improving the performance of employees or teams to achieve organizational goals.

Labour-management Relations

The dynamics and interactions between employees or their representatives and management within an organization, often concerning negotiations, agreements, and workplace conditions.

Employee Selection

The process by which companies evaluate and choose individuals from a pool of candidates to fill job vacancies.