Which Approach Is an Organization Using If It Ranks Applicant

question 9

Multiple Choice

Which approach is an organization using if it ranks applicant scores from highest to lowest and offers jobs moving from highest to lowest?

• A)Variable band
• B)High-low selection
• C)Top-down selection
• D)Fixed band
• E)Sliding band

---

Definitions:

Average Variable Cost

The cost per unit of output that varies with the level of production, excluding fixed costs.

Market Power

The ability of a firm or group of firms to manipulate the price of goods or services in the market, often due to lack of competition.

Marginal Revenue Curve

A graphical representation that shows the change in total revenue for each additional unit sold.

Demand Curve

Illustrates how the quantity demanded of a product changes in response to changes in its price, holding other factors constant.