Examlex
In the selection process,which of the following refers to requirements that are highly desirable but not critical for the job?
Capital
Resources, such as equipment, buildings, and machinery, used in production to create goods and services.
Labor
The human effort, both physical and mental, that is used in the production process to create goods and services.
Slope
In mathematics and economics, the measure of the steepness or incline of a line, often used to describe changes in variables in relation to one another.
Isocost
A line representing all combinations of a firm's inputs that cost the same amount.
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