A New Casino Wants to Hire About 1,000 Employees for Its

question 21

Multiple Choice

A new casino wants to hire about 1,000 employees for its new resort. Applicants are asked to complete an online questionnaire that will later be analyzed using computer software. Only those applicants who have previously worked in hotels and casinos will be considered eligible for the next step in the hiring process. This best exemplifies _____.

• A) a compensatory approach to selection
• B) job specialization
• C) a pre-employment screening process
• D) employee outplacement

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Definitions:

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at fixed prices.

Risky Asset

A financial instrument or investment that has a high degree of uncertainty regarding its returns or potential for loss.

Standard Deviation

An indicator of the degree to which a collection of numbers diverges or spreads from their average, signaling the extent of the distribution from the central value.