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Identify examples of job and organization situations where the following criteria would be useful in a selection validation study:
a.quality of output
b.quantity of output
c.lateness
d.absenteeism
e.turnover
f. training proficiency
Demand and Supply
Demand and Supply are fundamental economic concepts representing the desire and ability to purchase goods and services and the amount of goods and services available for sale, respectively.
Market Supply
The total of what all producers are willing and able to sell at a given price over a specified time period.
Quantities Supplied
The amounts of a good or service that producers are willing and able to sell at various prices during a specified time period.
Quantity Supplied
In economic terminology, it refers to the amount of a good or service that producers are willing and able to sell at a given price over a specific period of time.
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