One Way Firms Have Made the Application Process More Efficient

question 47

Multiple Choice

One way firms have made the application process more efficient and effective is by:

• A) concentrating on internal sources of recruitment so that detailed information is already available.
• B) including more questions on the application form about family background and other characteristics that are not job-related.
• C) using an artificial intelligence program such as Workforce Acquisition™ to quickly assess qualifications and help the manager decide whether to request an interview with the applicant.
• D) offering small monetary rewards to existing employees who recommend new people that are ultimately made a job offer.

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Definitions:

Interest Rates

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

Capital

Financial assets or resources that individuals or companies use to fund their business operations and investments.

Bond Prices

The trading price of bonds in the market, which can vary based on interest rates, the bond's credit quality, and other factors, inversely related to changes in interest rates.

Interest Rates

The amount charged by lenders to borrowers for the use of assets, usually expressed as a percentage of the principal.