Which of the Following,if True,would Result in a New Hire

question 22

Multiple Choice

Which of the following,if true,would result in a new hire to a company getting paid less than existing employees?

• A)The company wishes to preserve internal equity.
• B)The company wishes to attract top talent in the market.
• C)The company lets the hiring manger make payroll decisions.
• D)The company needs to fill a position immediately.

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Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price or other economic factors.

Demand

The desire of purchasers, consumers, or clients for a particular good or service, coupled with the ability and willingness to pay for it.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Elastic

Describes a situation in which the supply or demand for a good or service significantly changes in response to price changes.