In Addition to Contacting the References a Job Applicant Provides

question 35

True/False

In addition to contacting the references a job applicant provides, experienced employers also call an applicant's previous employers to attempt to get a clear picture of the applicant's job performance, character, and work habits.

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Definitions:

Exit

In economic terms, the process of withdrawing from a market, ceasing operations, or ending an investment.

Committed Cost

Expenses that a company has already made or obliged itself to make in the future, often fixed and not easily changed.

Minimizing Loss

The strategy or process of taking actions to reduce the amount of money or resources being wasted or lost, especially in business or economic activities.

Efficient Scale

The level of production that minimizes the average total cost of producing a product or service.