Jamodd Is Recruiting New Salespeople and One of the Applicants

question 64

Multiple Choice

Jamodd is recruiting new salespeople and one of the applicants is a salesperson for a direct competitor.Jamodd recognizes the advantage of hiring this candidate is:

• A)The corporate culture he or she will bring.
• B)The potential for a noncompete clause.
• C)Experience.
• D)Credibility with customers.

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Definitions:

Human Capital

The combined abilities, expertise, and non-physical assets of people that can generate economic benefits for the individuals, their employers, or the society.

Technological Progress

The improvement or development in technology which increases productivity and can lead to economic growth and improved living standards.

Backward-Bending

This term describes a situation where, beyond a certain point, higher wages actually lead to a decrease in labor supply because workers prefer leisure over additional work.

Substitution Effect

The economic principle that as the price of one good increases, consumers will replace it with a similar, less expensive good, influencing demand patterns.