Computers Are Used to Help in the Interviewing Process by Gathering

question 7

True/False

Computers are used to help in the interviewing process by gathering information about the applicant and comparing it with an ideal profile.

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Definitions:

Law Of Demand

An increase in a product’s price will reduce the quantity of it demanded, and conversely for a decrease in price.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Excess Supply

The situation in which the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at a given price, often leading to a decrease in prices.

Market Price

The current price at which a good or service can be bought or sold, determined by the intersection of demand and supply forces in the market.