Scenario B: Fresh Catch,a Small,popular Chain of Seafood Restaurants,wishes to Hire

question 52

Multiple Choice

Scenario B: Fresh Catch,a small,popular chain of seafood restaurants,wishes to hire a new general manager to oversee a local restaurant's day-to-day operations.The company human resources (HR) manager posts an advertisement in the local newspaper stating,"General manager wanted for a fast-paced,award-winning seafood restaurant.Applicants must have three years' experience in a comparable restaurant managing a large staff and ensuring the satisfaction of diners." In addition to making inquiries through industry contacts,the HR manager places the ad on the company's bulletin board and intranet.The HR manager then develops a pool of prospective candidates for the position and chooses from the pool of candidates when making decisions on whom to hire.
-The HR manager of Fresh Catch developed a pool of prospective candidates for the job.This process is known as

• A)selection.
• B)benchmarking.
• C)recruitment.
• D)concentration.
• E)insourcing.

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Definitions:

Option Contracts

Financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date.

Swap Contracts

Financial agreements between two parties to exchange cash flows or other financial instruments for a specified period of time.

Put Option

A contract in finance that provides the bearer the privilege, but avoids the necessity, to dispense a specific measure of an underlying asset at a particular price during an outlined period.

Options Contract

A contract giving the buyer the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a specified price on or before a certain date.