The Concept of Comparative Advantage Applies To

question 26

Multiple Choice

The concept of comparative advantage applies to:

• A)only people with at least a high school diploma.
• B)only people who are currently employed.
• C)situations in which you have information about the salary levels of those with whom you are competing for a job.
• D)every case of trade or exchange.
• E)about half of all cases of trade or exchange.

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Definitions:

Training Function

A component of HR that deals with improving the skill set and knowledge of an organization's employees.

Development

Training that augments the skills and knowledge of managers and professionals.

Orientation

Familiarizing newly hired employees with fellow workers, company procedures, and the physical properties of the company.