When an Organization Needs to Fill Jobs, It Engages in Choosing

question 115

Multiple Choice

When an organization needs to fill jobs, it engages in choosing individuals who have the essential qualifications. Which of the following terms is used to describe this process?

• A)recruitment
• B)placement
• C)hiring
• D)selection

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Definitions:

Duopoly

A market structure characterized by two producers or sellers dominating the market.

Dominant Strategy

In game theory, a strategy that is optimal for a player, regardless of the strategies chosen by other players in the game.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.

Payoff Matrix

A table that shows the potential outcomes of different decisions in a strategic situation, used in game theory to analyze choices and consequences.