An Employer's Workforce Is Said to Be at Par with the Relevant

question 47

Multiple Choice

An employer's workforce is said to be at par with the relevant labor market when:

• A)women are hired at the same rate as men.
• B)affirmative action goals are achieved.
• C)the employer's workforce by race and sex compares favorably with the surrounding labor market.
• D)adverse impact is eliminated in the selection procedures of employees.

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Definitions:

Monopolistic Competitor

A market structure where many companies sell products that are similar but not identical, allowing for competition based on factors other than price.

Short Run

A period in economics where at least one factor of production is fixed, leading to limitations on output adjustments.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to change, such as new technology or market conditions.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activities.