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A technology company hires three new information techn010U prof essionals. To fill the positions, the company incurs both internal and external costs totaling $60,000. The total first-year compensation of the three new hires is S300,000. What is the Recruitment Cost Ratio?
Correct Answer: C
The Recruitment Cost Ratio is calculated by dividing the total amount of recruitment costs ($60,000) by the total first-year compensation of new hires in a given time period ($300,000) and then multiplying the result by 100. 100 = 20%.