Firm a Notices That Firm B Is Making a Profit

question 167

Multiple Choice

Firm A notices that Firm B is making a profit by producing footballs.There is nothing stopping Firm A from entering the football market,so it does.Holding all else constant,the number of firms in the market will

• A) increase,causing demand to increase.
• B) increase,causing the supply to shift down.
• C) decrease,causing the supply to decrease.
• D) decrease,causing the supply to increase.
• E) increase,causing the supply to increase.

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Definitions:

Traditional Recruitment

The process of filling job vacancies through conventional methods such as advertising in newspapers, job fairs, or using employment agencies.

Realistic Job Previews

A tactic used by organizations to provide prospective employees with a true representation of what working in a particular role or company is like, including both positive and negative aspects.

Selection Decisions

The process of choosing from a group of candidates the individual or individuals most likely to succeed in a job.

Prospective Manager

An individual who is being considered or trained for a managerial position within an organization.