You Have Just Applied for a Job and When Completing

question 214

Multiple Choice

You have just applied for a job and when completing the application form you were surprised to see questions about your age and marital status.Such questions would seem to violate equal employment and human rights legislation and not likely to be related to the job.It made you wonder why a company would ask these questions.What is a good explanation for this?

• A)Difficulties of non-programmed decision making
• B)Bounded rationality
• C)Cognitive biases
• D)Information overload
• E)Difficulties of programmed decision making

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Definitions:

Acquisition

The process of acquiring control of another company or asset.

Economies of Scale

Refers to the cost advantage experienced by firms when production becomes efficient, as the scale of production increases, leading to a decrease in average costs per unit.

Horizontal Merger

A merger between companies in the same industry, often aiming to increase market share, reduce competition, or achieve economies of scale.

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts after a merger or acquisition.