Which of the Following Statements Is NOT True

question 6

Multiple Choice

Which of the following statements is NOT true?

• A)Employers may contact an applicant's previous employers
• B)Employers may conduct a thorough and comprehensive background check of every applicant
• C)Employers may obtain an applicant's consumer credit report
• D)Employers may perform a criminal background check searching for arrests

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Definitions:

High Barriers

Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, complex regulations, or strong brand loyalty.

Market Entry

The strategy or process involved in introducing a new product or service to a target market.

Unregulated Monopolists

Firms that maintain exclusive control over a particular market or product without any oversight or restrictions from regulatory bodies.

Oligopolistic Markets

Markets dominated by a few large suppliers who have some control over the prices due to the limited number of competitors.