Whenever Possible, Managers at ABC Company Try to Promote Employees

question 79

Multiple Choice

Whenever possible, managers at ABC Company try to promote employees from within the organization before recruiting from external sources. This is an example of a __________.

• A) rule
• B) precedent
• C) procedure
• D) policy
• E) guideline

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a specific price over a given period of time.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price within a specific time period.

Surplus

An excess of production or supply over demand.