At the Point Where the Supply Curve Crosses the Demand

question 132

Multiple Choice

At the point where the supply curve crosses the demand curve on a graph,it could be said that

• A) no profits will be made.
• B) all products offered for sale will be sold.
• C) a shortage will result if the price is too low.
• D) no sales will be made.
• E) a surplus will result if the price is too low.

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Definitions:

Internal Recruiting

The practice of filling job vacancies within a company using existing employees rather than hiring externally.

Higher-level Positions

Job roles that encompass more responsibility, authority, and usually offer higher pay, often accompanied by managerial or executive duties.

Homesourcing

A business practice where employees work from their homes instead of the traditional office setting, also known as telecommuting.

On-the-job Training

A hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace.