Which Term Defines the Relationship Between the Actual Number of People

question 70

Multiple Choice

Which term defines the relationship between the actual number of people hired and the number who applied for a position expressed in terms of a proportion?

• A) applicant pool
• B) criterion measure
• C) screening tool
• D) selection ratio

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Definitions:

Maximum Willingness

The highest amount an individual or entity is ready to pay for a good or service.

Individual Pays

A principle where the cost of a service or good is borne by the individual who consumes or uses it, rather than by society or an organization.

Aggregate Demand Curve

Describes the buying behavior of a group of consumers. We add up all the individual demand curves to get an aggregate demand curve (the relationship between the price and the number of purchases made by a group of consumers).

Total Demand

Represents the entire quantity of a certain product or service that consumers in a market are willing and able to purchase at a given price level.