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At Oreos Inc.,the supervisor and the human resources department have decided to recruit people from within the organization for filling up the company's various vacant positions.Which of the following would prove to be most effective in their quest to find the right candidate?
Market Price
The price at which goods are bought and sold in a competitive marketplace, constantly influenced by supply and demand.
Economic Profits
The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs, indicating the firm's financial performance beyond breaking even.
Market Price
The current price at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.
Economic Profits
Profits calculated by subtracting both explicit (direct payments) and implicit (opportunity) costs from total revenues.
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