A firm that fills its vacancies in the upper levels of the hierarchy with its own employees:
a. avoids opportunistic behavior by employees.
b. uses an internal labor market.
c. avoids the difficult tasks of measuring and comparing the productivities of individual workers.
d. pays them according to their performance rather than seniority.
B
Economics
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The Fed seeks to promote stability of financial markets because
A) resources are lost when there is not an efficient matching of savers and borrowers. B) they want to lift the self-esteem of workers. C) unstable markets result in increased efficiency. D) Congress directed them to do so by the Employment Act of 1946.
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If a firm doesn't make an economic profit it will shut down
Indicate whether the statement is true or false
Economics