'When the Principal of DPS was on the verge of retirement, the management of the school contacted a specialized business firm in order to fill up the vacancy.'

Identify the source of recruitment being used by the management.

Placement Agency

The correct answer is option 1- Placement Agency.

In this case, the most likely source of recruitment being used by the management is a "Placement Agency."

* Placement Agencies and Management Consultants: In technical and professional areas, private agencies and professional bodies appear to be doing substantive work. Placement agencies provide a nationwide service in matching personnel demand and supply. These agencies compile bio-data of a large number of candidates and recommend suitable names to their clients. Such agencies charge fee for their services and they are useful where extensive screening is required. These professional recruiters can entice the needed top executives from other companies by making the right offers.