1.

Human Resources is the organizational function that deals with the people and
issues related to ____
A. LaborB. businessC. peopleD. land
2. Labor market analysis is the process is surveying the market to determine
the ______that are being paid for like positions.
A. hoursB. salariesC. bonusesD. benefit
3. The size of a country‘s _______, within a given total population, depends on two
factors: the proportion of the total population that is of working age and the
proportion of these who work for gain
A. Labor economicsB. labor lawC. Labor marketD. labor force
4. Because people cannot be _______ from their services, various non-monetary p
play a concealed role in the sale of labour services.
A. associated B. disassociatedC. demandD. supply
5. The bargaining theory of wages holds that wages, _____, and working conditions
are determined by the relative bargaining strength of the parties to the agreement
A. LaborsB. hoursC. employmentD. salaries
6. The ______ limit of the range defines the rate below which the workers will not
offer their services to the employer.
A. lowerB. upperC. overD. under
7. Its raison d‘être comes from the peculiarities of labour as a _________
A. moneyB. capitalC. commodityD. laborer
8. The ______limit of the range represents the rate beyond which the employer
refuses to hire certain workers.
A.lowerB. upperC. overD. under
9. The wage-fund theory held that wages depended on the relative amounts of capital
…………. for the payment of workers and the size of the labor force.
A. stable B. available C. able D. a desirable
10. Professional approach to recruit, search, track, and selecting talented people
already working in various companies who meets the job requirement.
A. E-recruitmentB. headhuntC. media recruitment C. internal recruitment
11. If the supply of labor increased, …………. would fall, eventually causing a
decrease in the labor supply.
A. salaryB. wagesC. paymentD. rate
12. If the wage ………… above the subsistence level, population would increase until
the larger labour force would again force wages down.
A. increasedB. fellC. dependedD. rose
13. Wages increase only with an increase in ……………. or a decrease in the number
of workers.
A. capitalB. companyC. labourforceD. money
14. _______is also known as the job market, refers to the supply and demand for labor
in which employees provide the supply and employers the demand. It is a major
component of any economy and is intricately tied in with markets for capital,
goods and services.
A. Labor economicsB. Labor forceC. Labor marketD. labor cost
15. Technically, wages and salaries cover all ………………. made to employees for
either physical or mental work, but they do not represent the income of the self-
employed
A. assumption B. compensationC. additionD. production
16. Labor is conventionally contrasted with such other factors of _______as land and
capital.
A. productionB. BusinessC. humanD. resource
17. Labour economics, study of the _______as an element in the process of production
A. labor forceB. laborC. productionD. human
18. Market trends such as: ancillary pay, and merit and _______, establishing,
adjusting, and/or recommending salary changes and/or structures for staff positions
and consulting with management on their workforce needs.
A. working conditionsB. minimum wageC. pay practicesD. labor costs
19. The labor market is defined as the area within which ________compete for labor.
A. employersB. employeesC. applicantsD. managers
20. Many of the labor market policies are planned and ……………. through public
employment services.
A. implemented B. provided C. introduced D. expanded
21. ________is the sum of all wages paid to employees, as well as the cost of
employee benefits and payroll taxes paid by an employer. The cost of labor is
broken into direct and indirect (overhead)costs.
A. Labor economicsB. Labor forceC. Labor marketD. Labor costs
22. _____is the socioeconomic relationship between a worker and an employer, where
the worker sells his or herlabour under a formal or informal employment contract.
A. labor contractB. labor lawC. wage laborD. labor force
23. ______ involves the study of the factors affecting the efficiency of these workers,
their deployment between different industries and occupations, and the
determinationof their pay.
A. Labor economicsB. labor lawC. Labor marketD. labor force
24. Labour Economics is devoted to publishing international research on empirical,
theoretical and econometric topics that are of _______ interest
to labour economists.
A. inparticular B. particulate C. particularly D. particular
25. ______ is the study of the relationship between the number of employees needed
and the number available, and how this affects rates of pay, ….
A. Labor economicsB. labor lawC. Labor marketD. labor force
26. According to Francis Walker, the wage is considered to be a residual claimant, and
is computed as: Wage= Whole production- (Rent+___+ Profit)
A. interestA. benefitsC. savingsD. debt
27. _____Is also known as the job market, refers to the supply and demand for labor in
which employees provide the supply and employers the demand. It is a major
component of any economy and is intricately tied in with markets for capital,
goods and services.
A. Labor economicsB. labor lawC. labor marketD. labor force
28. ____is a dynamic system comprising two distinct but closely related
economic forces: the supply of health workers and the demand for such workers,
whose actions are shaped by a country's institutions and regulations.
A. A health labour market B. A labor market
C. A production marketD. A free market
29. According to David Ricardo, the labor is paid the _____amount of wage that is
sufficient to subsist and perpetuate their race without either increase or decrease
A. minimumC. maximum
B. additionalD. complimentary
30. According to Adam Smith, the wage is paid out of the pre-determined wealth or
fund, which lays surplus with the wealthy persons, as a result of ____
A. WagesB. savingsC. fundD. benefits
31. According to J.S.Mill, to have an increased wage, the number of _____ is to be
reduced, and the fund is to be enlarged.
A. LaborB. savingsC. benefits D. asset
32. According to Karl Marx, labor is also an article of commerce and could be
purchased by paying a ______ price.
A. subsistenceB. livingC. commercialD. additional
33. _____is professional approach to recruit, search, track, and selecting talented
people already working in various companies who meets the job requirement.
A. E-recruitmentB. Word of mouth
C. HeadhuntD. internal recruitment
34. ____Refers to the process of recruiting people within the organization or the
practice of selecting candidates among present company workers to fill a position
that becomes vacant within an organization.
A. E-recruitmentB. Word of mouth
C. headhuntD. Internal recruitment
35. The labour force comprises all those who work for gain, whether as employees,
______, or as self-employed, and it includes the unemployed who are seeking
work.
A. employersB. employeesC. applicantsD. managers