The Final Step in the Recruitment Process Is

question 48

Multiple Choice

The final step in the recruitment process is

• A) identifying job openings.
• B) generating a pool of qualified applicants.
• C) establishing the recruitment budget.
• D) specifying the job requirements.
• E) selecting methods of recruitment.

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Definitions:

Supply and Demand

Fundamental economic model based on the idea that the price and quantity of a good or service is determined by the availability (supply) and desire (demand) of that good or service.

Rationing Mechanism

A system used to allocate scarce goods and services using criteria other than price.

Surplus

An excess of supply over demand, resulting in an accumulation of unsold products or unused resources.

Equilibrium Price

The cost at which the amount of a product or service that consumers want to buy matches the amount that producers are willing to sell, resulting in a balanced market situation.