You Are the HR Person for a Small Enterprise in Charge

question 35

Multiple Choice

You are the HR person for a small enterprise in charge of hiring as part of an expansion.Which of the following questions would you ask prior to collecting information in a job analysis

• A)How will the company's mission, vision, and values affect selection needs
• B)What do you wish your new hires to accomplish
• C)What do people who hold similar jobs think about the knowledge, skills, abilities, and other attributes needed
• D)Will the employees do different things on different days

---

Definitions:

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, a key concept in labor economics and the theory of firm.

Labor Demand Schedule

A tabulation or curve showing the quantity of labor that firms wish to hire at each possible wage rate, displaying the negative relationship between wages and quantity of labor demanded.

Wage Rate

The amount of compensation paid to an employee by an employer in exchange for work performed, typically expressed per hour or year.

Purely Competitive

A market structure characterized by a large number of small firms, homogenous products, and no single firm having control over the market price.