Which of the Following Statements Is TRUE About Job Boards

question 79

Multiple Choice

Which of the following statements is TRUE about job boards?

• A) Job boards enable job seekers to submit résumés to many employers simultaneously.
• B) Much of the information companies provide on job boards is intended to mislead competitors.
• C) Applicants hired from job boards have worse average performance levels than applicants hired via social networking media.
• D) A high proportion of applicants using job boards are unemployable.

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Definitions:

Total Cost

Refers to the complete cost of production that includes both fixed and variable costs.

Total Revenue

The total amount of money a firm receives from the sale of its products or services, calculated by multiplying the price per unit by the number of units sold.

Economic Profits

Profits exceeding the total costs, including both explicit costs and implicit costs such as opportunity costs.

ATC

ATC, or average total cost, is the sum of all production costs divided by the quantity of output produced, encompassing both fixed and variable costs.