What Is the Purpose of an Applicant Tracking System

question 31

Multiple Choice

What is the purpose of an applicant tracking system?

• A) sorting resumes based on an applicant's years of work experience
• B) generating advertisements for attracting and gathering applicants
• C) assisting employers in attracting screening, and managing applicants
• D) providing employers and applicants with an interactive Web site
• E) assisting recruiters with locating internal applicants for key positions

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Definitions:

Economic Order Quantity

A formula used to determine the optimal order size that minimizes the total costs of holding inventory and placing orders.

Fixed Quantity Inventory

An inventory management system where stock levels are replenished to a set quantity at regular intervals or when reaching a minimum level.

Inventory Control Number

A unique identifier assigned to each item in inventory for the purpose of tracking and management.

Break-even Point

The point at which total costs and total revenue are equal, meaning a business neither makes a profit nor suffers a loss.