__________ on LinkedIn, a Professional Social Networking Site, Has Become

question 57

Multiple Choice

__________ on LinkedIn, a professional social networking site, has become very popular because it is more effective and efficient than traditional approaches.

• A) Risk management
• B) Distribution
• C) Recruitment
• D) Forecasting

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Definitions:

Efficiency

The ability to accomplish or produce a desired result with the minimum amount of waste, effort, or inefficiency.

Trade-Off

A scenario where one characteristic or element is sacrificed to acquire a different characteristic or element.

Price System

The price system is the mechanism through which prices are determined for goods and services in an economy, facilitating the allocation of resources, signaling what to produce and consume, and coordinating economic activity.

Supply and Demand

Fundamental economic model that explains how the interaction between the quantity of a good or service available (supply) and the desire for it (demand) determines its price.