Which Term Refers to Hiring and Promotion Decisions Based on Attributes

question 99

Multiple Choice

Which term refers to hiring and promotion decisions based on attributes deemed relevant to competent performance of a job?

• A) The employment principle
• B) The merit principle
• C) The brokerage principle
• D) The inheritance principle
• E) The patronage principle

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Definitions:

Quantity Demanded

The overall quantity of a product or service that buyers are ready and capable of buying at a specific price.

Price Change

Refers to the variation in the cost of a good or service over time.

Short Run

A period in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing for complete industry adjustment.