I agree with the first statement, but I can't really say the second statement is reasonable. It is the same on the opposite side. Right now, I may have to apply to 100 jobs to get 10 interviews for one to give me an offer. Just as much as companies have to deal with many applicants, most applicants also have to apply to many places. Both have one-to-many relationships.
That said, a lot of companies get really high volumes of applicants, and can't always do that.