Why Is the Phrase "Survival of the Fittest" Somewhat Misleading

question 58

Multiple Choice

Why is the phrase "survival of the fittest" somewhat misleading?

• A) It implies that the best possible organism will evolve.
• B) It implies that organisms will always grow bigger and more complex.
• C) It implies that there's random generation of variation.
• D) It implies that humans are the proper end result of evolution.

Understand the concept of perfect competition and its characteristics.

Analyze the conditions under which firms in a perfectly competitive market operate including profit maximization, losses, and the long-run equilibrium.

Differentiate between short-run and long-run operations and outcomes for firms in a perfectly competitive market.

Explain the relationship between marginal cost, marginal revenue, average total cost, and the firm's supply decision.

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Definitions:

Selection

Is concerned with identifying the best candidate or candidates for a job from among the pool of qualified applicants developed during the recruiting process.

Qualified Applicants

Individuals who meet the necessary skills, experience, and educational requirements that are set for a particular job position.

Recruiting Process

The series of actions taken by an organization to attract and select candidates for employment, typically involving sourcing, screening, and interviewing.

Vestibule Training

Involves a work-simulation situation in which the job is performed under a condition that closely simulates the real work environment.