Home › BBA HR › Human Resource Management › Managing Human Resources and Labor Relations › A firm looking to fill a vacancy draws applicant…
A firm looking to fill a vacancy draws applicants from which two pools?
AThe primary market and the secondary market for goods
BThe union bargaining unit and the management group
CThe internal labor market and the external labor market
DThe demand forecast and the supply forecast for staff
Answer & Solution
Correct answer: C. The internal labor market and the external labor market
1. The two sources of job applicants are the internal labor market and the external labor market.
2. The internal labor market is made up of the employees the firm already has.
3. The external labor market is the pool of potential applicants outside the firm.
4. Forecasts are planning tools rather than pools of applicants, so option D names the wrong kind of thing.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 8 "Managing Human Resources and Labor Relations", section 8.2 Employee Recruitment_
Related questions
A firm adopts a skills-based approach to hiring. What does it now weigh less heavily?What does hiring for fit require of recruitment and selection?What does corporate culture refer to?Which routine HR tasks are now commonly handled by technology?Besides cost and expertise, which situation pushes a firm to outsource an HR activity?For which reasons do firms outsource human resource activities?What must happen for an organization to turn employee diversity into a competitive advantaWhich outcomes does employee diversity produce for a firm?