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Scenario 6.2
Computer Direct Inc. is a mid-sized technology firm that specializes in designing, manufacturing, and selling computers. The organization staff complement is very diverse, and most of the company's employees are in the development and design, sales, and marketing departments. Computer Direct has been using only one method to make recruitment decisions for all of its employees, from managerial to technical to clerical. Data is gathered on each candidate, and a committee assigns scores to candidates based on its understanding of the job. Candidates, however, are not given the opportunity to be tested and hired based on their respective scores. Essentially, decisions are made based on personal judgments.
-Refer to Scenario 6.2. Which approach is considered superior and would best serve the needs of Computer Direct?
Income Distribution
The way in which a nation’s total income is spread among its population, affecting economic inequality.
Output Value
The total value of all goods or services produced by a firm or economy, often measured in terms of monetary value.
Imperfectly Competitive Market
A market structure where the assumptions of perfect competition, such as a large number of buyers and sellers, homogeneity of products, and free market entry and exit, are not fully met.
Purely Competitive
A market structure characterized by many buyers and sellers, free entry and exit, and a standardized product.
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