If the Total Output for an Economy Is Equal to $750

question 70

Multiple Choice

If the total output for an economy is equal to $750 billion and the total number of labor hours is 20 billion,then labor productivity is equal to:

• A) $15.00 per hour.
• B) $20.00 per hour.
• C) $37.50 per hour.
• D) $75.00 per hour.

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Definitions:

Selection Process

The method used by organizations to identify, assess, and hire individuals for positions.

Recruitment Process

The entire process of identifying, attracting, screening, selecting, and hiring the best candidates for an organization.

Job Analysis Process

A systematic examination of the tasks, responsibilities, and qualifications needed for a specific job, used for recruitment and performance evaluation.

Realistic Job Preview

A recruitment tool that provides potential applicants with a true representation of the responsibilities and conditions of a job.