Internal Labor Markets Are Most Likely to Exist If

question 30

Multiple Choice

Internal labor markets are most likely to exist if:

• A)workers do not require extensive amounts of firm-specific training
• B)there are substantial costs to the employer associated with worker turnover
• C)costs of screening and recruiting job applicants are relatively low
• D)workers' productivity does not increase with experience

---

Definitions:

Statement

A record that summarizes financial activities, such as income and expenses, over a specific period.

Design Services

Professional services that envision and plan the construction, functionality, and aesthetics of various projects or components.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Equity, representing the relationship between an entity’s resources and how those resources are financed.

Cash Dividends

Payments made by a corporation to its shareholder members, usually derived from the company’s profits.