Visualize a Large Communications Company with Integrated Selection Activities

question 44

Multiple Choice

Visualize a large communications company with integrated selection activities. How would such an organizational structure benefit the employer?

• A) Operating managers would have the ability to provide a significant amount of time to the decision process.
• B) The possibility of hiring an inappropriate job candidate would be eliminated.
• C) The organization can consider each job applicant for a variety of jobs, which is a very efficient way to handle placement and selection activities.
• D) Testing for job applicants is expensive, and using centralized selection activities reduces the needs for such testing.
• E) With centralized selection, hiring always becomes a year-round activity rather than intermittent.

Recognize the Federal Trade Commission’s role and structure, including the appointment of commissioners and their terms.

Identify the legal recourse available to businesses under FTC actions and the consequences of non-compliance.

Understand the division of regulatory responsibilities between the FTC and the Food and Drug Administration (FDA).

Grasp the consumer protection laws relating to credit and finance, including the Truth-in-Lending Act and the Fair Debt Collection Practices Act.

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Definitions:

Market Share

The segment of a market dominated by a certain product or company, frequently quantified as a fraction of the market's total sales.

Kinked Demand Curve

A demand theory in oligopolistic markets where firms face a steeper demand curve for price increases and a flatter curve for price decreases due to competitive pricing behaviors.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or market share.

Profit-Maximizing Firm

A business whose primary objective is to achieve the highest possible profits through its operations and investments.