An Applicant Who Is Not Hired but Who Would Have

question 66

Multiple Choice

An applicant who is not hired but who would have performed successfully if hired is a ________.

• A) true positive
• B) false positive
• C) true negative
• D) false negative

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Definitions:

Default Risk

The probability that a borrower fails to meet the obligations of paying back the interest or principal on a debt on time.

Nominal Wages

Wages paid to employees that have not been adjusted for inflation, representing the amount of money earned in current dollars.

Inflation Rate

The rate at which the overall price level of goods and services increases, thereby reducing the buying power.

Nominal Wage Rates

The amount of money paid to an employee by an employer in current prices, without adjusting for inflation.