A Firm Has Adopted a Business Strategy of Increasing Market

question 63

Multiple Choice

A firm has adopted a business strategy of increasing market share by offering the lowest cost services. Which of the following is NOT a recruiting and retention objective?

• A) retain current talent as the firm grows
• B) recruiting plans may call for preparation of lateral transfers
• C) low cost strategy puts pressure on compensation and benefits, so need to be creative in our programs
• D) continuously improve efficiency of recruitment practices
• E) need to predict rate of growth and translate into needed increases in workforce

---

Definitions:

Arbitration Clauses

Legal provisions enabling decision-making for disputes outside of courts, usually by an impartial third party.

Bankruptcy Court

A specialized federal court that handles cases dealing with bankruptcy and financial insolvency.

Limited Jurisdiction

Courts that are restricted to hearing only certain kinds of legal cases or cases within a specific subject matter or geographic area.

Alternative Dispute Resolution

A method of resolving disputes outside the courtroom, such as arbitration or mediation.