Which of the following statements best defines a labor market?
A. It is a system that uses a direct market-pricing approach for all of a firm's jobs.
B. It is a system that firms use to compete for business in the marketplace and to gain competitive advantage.
C. It is a geographical area where employers attempt to integrate their products (job opportunities) with all consumers (job applicants).
D. It is a geographical area within which the forces of supply (job aspirants) interact with the forces of demand (employers).
Answer: D
You might also like to view...
The fastest and most expensive mode of transportation is ________
A) railroads B) water C) the Internet D) pipeline E) air
Roth is a computer-consulting firm. The number of new clients that they have obtained each month has ranged from 0 to 6. The number of new clients has the probability distribution that is shown below. Number of New Clients Probability 0 0.05 1 0.10 2 0.15 3 0.30 4 0.25 5 0.10 6 0.05 ? The expected number of new clients per month is
A. 6. B. 0. C. 3.1. D. 3.
When using a graphic in a report, a person should explain the significance of the graphic when introducing it
Indicate whether the statement is true or false
Paul listens to music on his iPhone, but he still buys vinyl records at his local music store on occasion, although they are getting harder to find. Vinyl records are in the ________ stage of the product life cycle.
A. maturity B. evaluation C. decline D. introduction E. growth