Promoting from Within the Company Often Is a Cost Effective

question 154

True/False

Promoting from within the company often is a cost effective way of filling positions within a firm because the employees filling the position are already familiar with the organization's culture and procedures.

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Definitions:

Standard Normal Random Variable

A random variable with a mean of 0 and a standard deviation of 1, following a normal distribution.

Area

The measure of the extent of a two-dimensional figure or shape in a plane.

z

In statistics, a z-score indicates how many standard deviations an element is from the mean.

Normally Distributed Random Variable

A type of random variable whose values are symmetrically distributed around the mean, forming a bell-shaped curve when graphed.