When Managers Employ a Profile Schema of the Characteristics of Good

question 52

Multiple Choice

When managers employ a profile schema of the characteristics of good, poor, and outstanding employees they are using a _________ schema to compare present employees and job candidates.

• A) person-based
• B) role-based
• C) self-based
• D) events-based

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Definitions:

Single Firm

Refers to an individual business entity that operates in a market, typically producing goods or services.

Monopoly

A market structure in which a single seller dominates the market for a particular good or service, without any close substitutes.

Monopolistic Industry

An industry dominated by a single firm that has control over pricing and the market, facing little to no competition.

Blocked Entry

A condition in a market where barriers prevent new firms from entering, often leading to reduced competition and allowing existing firms to maintain higher prices and profits.