What Does Recruitment Involve

question 62

Multiple Choice

What does recruitment involve?

• A) encouraging qualified people to apply for employment with a firm
• B) selecting qualified people for employment at a firm
• C) attracting and selecting employees for the firm
• D) determining sources of employees

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Definitions:

Marginal Product

The additional output that is produced as a result of using one more unit of a particular input, such as labor or capital, while keeping other inputs constant.

Wage

The compensation paid to an employee for their labor, usually expressed as an hourly, daily, or weekly rate.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Marginal Product

The additional output that results from using one more unit of a particular input while keeping other inputs constant.