Which of the following scenarios exemplifies an external labor market?
A) Katie, a contract worker, working for a certain period specified in a written contract.
B) Andrew, a temporary worker, being paid by a company for his services.
C) Jill, an engineering graduate, looking for a job.
D) Hilary, an employee, going through training.
E) Salim, an employee, securing his financial services certification.

Question

Quizplus · Accepted Answer

The external labor market consists of individuals who are actively seeking employment. The number and kinds of people in the external labor market determine the kinds of human resources available to an organization (and their cost). In this case, the example of Jill who is looking for a job exemplifies an external labor market.

Which of the Following Scenarios Exemplifies an External Labor Market