Decision Rules Are Developed About the Proportion of Openings in a Particular

question 127

Multiple Choice

Decision rules are developed about the proportion of openings in a particular job that will be covered by internal promotions versus new hires. Which of these terms best refers to such rules?

• A)internal versus external placement
• B)placement ratio
• C)fill rate
• D)make versus buy ratio

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Definitions:

Monopolistically Competitive

A scenario where numerous companies compete in the same industry by offering slightly unique products or services, giving consumers choices.

Elastic

Describes a situation in economics where the quantity demanded or supplied of a good changes significantly as its price changes.

Industry Entry

The process by which a new competitor enters an existing market, often influenced by barriers to entry and initial costs.

Price Elasticity

A measure of how much the demand for a product changes in response to a change in price, indicating the sensitivity of consumers to price changes.