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Roberto applied to the post of a software engineer at Tech Infosystems.He was asked to correct a software problem as a screening test and then interviewed by a panel that comprised of a hiring manger,the HR manager,and a software engineer from the firm.Which of the following statements,if true about the recruitment process,would result in Roberto concluding that the procedural fairness was high?
Classical Theory
An economic theory that emphasizes the importance of free markets, competition, and the belief that markets, through the forces of supply and demand, will naturally regulate the economy.
Employment
The condition of having a paid job; the total number of people currently employed in the economy.
Interest Rate Effect
The impact that changes in the interest rate have on consumer spending and investment due to the cost of borrowing money.
Real Wealth Effect
The change in consumption levels caused by a change in purchasing power, often due to inflation or deflation.
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