When Employers Sort Employment Applications into High-Ability and Low-Ability People

question 78

Multiple Choice

When employers sort employment applications into high-ability and low-ability people based on the attainment of a university degree (irrespective of major) ,they are providing evidence in support of which of the following

• A)the human-capital theory of education
• B)the signalling theory of education
• C)the principle that education enhances marginal productivity
• D)the neoclassical principle that most business owners are more interested in discriminating against a particular group than in maximizing profits

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Definitions:

Customer Loyalty

The dedication and continued patronage of a company's products or services by its customers, often manifested through repeat purchases.

Customer Excellence

Involves a focus on retaining loyal customers and excellent customer service.

Lunch Entrée

A main dish served during the lunch meal, often featuring a protein with accompaniments such as vegetables or grains.

Sustainable Competitive Advantage

A unique advantage over competitors that can be maintained over time, ensuring long-term success of the business.