The Number of Candidates at the Screening Interview Round of a Company's

question 7

Multiple Choice

The number of candidates at the screening interview round of a company's recruitment process was seventy-two. By the time of the selection interviews, this number reduced to sixteen potential candidates that could fulfill the job position effectively according to its protocol. The yield ratio in this case is _____ percent.

• A) twenty-two
• B) twenty
• C) forty-eight
• D) sixteen
• E) twenty-six

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Definitions:

Central Planning Board

A government body responsible for determining the allocation of resources and directing economic activity in a centrally planned economy.

Pure Capitalist Economy

An economic system where private individuals and firms control all resources, and market forces determine resource allocation with minimal government intervention.

Price Mechanism

The system by which the forces of supply and demand determine the prices of goods and services and allocate resources within an economy.

John Kenneth Galbraith

John Kenneth Galbraith was an influential Canadian-American economist and public intellectual who contributed significantly to the development of modern economic thought, particularly in the areas of consumer behavior, public policy, and economic history.