Some of the Advantages of a Closed Internal Recruitment System

question 60

Multiple Choice

Some of the advantages of a closed internal recruitment system include:

• A) helps minimize favoritism
• B) it can uncover hidden talent
• C) it helps employees evaluate their qualifications for advancement
• D) none of these

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Definitions:

Cartel Arrangements

Agreements among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in anticompetitive behavior.

Oligopolists

Firms or individuals that control the market for a particular good or service in an oligopoly, where a small number of entities dominate.

Monopoly Power

The ability of a single seller to control market prices and total market output.