Employment Testing

question 27

Multiple Choice

Employment testing:

• A)was declared illegal by the EEOC in 1989,because it was often used to discriminate against women and minorities.
• B)is legal,but has been shown to be a very poor predictor of worker performance.
• C)should be directly related to the job.
• D)should focus on the most basic and general skills rather than on skills directly related to the job.

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Definitions:

Special Purpose Entities

Legal entities created by a parent company to isolate financial risk and conduct specific activities while protecting the parent company financially.

Primary Beneficiary

The main individual or entity designated to receive the benefits or payouts from an insurance policy, trust, or other financial instrument.

Consolidated

Referring to the financial statements that combine the financial information of a parent company with its subsidiaries to present as a single entity.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.