Key Characteristics of the Anglo Saxon Model Market System Consists

question 14

Multiple Choice

Key characteristics of the Anglo Saxon model market system consists of private ownership and:

• A)"social partners" orientation.
• B)inflexible employment policies.
• C)free enterprise economy.
• D)mix of state ownership.
• E)generous social safety net.

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Definitions:

Human Capital

The knowledge, skills, and capabilities of individuals that have economic value to an organization.

Recruiting From Within

The practice of filling job vacancies with current employees rather than hiring from outside the organization.

Realistic Job Preview

A recruiting tool that provides prospective employees a true picture of what working in a particular role or organization will entail, including both the positive and negative aspects.