If the Number of Available Candidates Only Equals the Number

question 1

Multiple Choice

If the number of available candidates only equals the number of people to be hired, _______________.

• A)no real selection is required
• B)there can be perfect matching of jobs with people
• C)the staffing process has been successful
• D)the labor market is "optimal"

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Definitions:

Maximum Price

A ceiling price set by an authority, above which the sale of a good or service is not allowed.

Market Price

The current price at which a good or service can be bought or sold in a given market.

Maximum Price

A price ceiling set by the government or a regulatory body, above which a product or service cannot be sold in the market.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity.