Haylie Has a Large Applicant Pool of 70 Applicants and Must

question 17

Multiple Choice

Haylie has a large applicant pool of 70 applicants and must hire 10 new employees for research administration positions.Her biggest concern is that she might hire an employee who would not be successful on the job.What type of error is Haylie afraid of making?

• A) false negatives
• B) minimum qualifications
• C) selection ratio
• D) false positives

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Definitions:

Checkable Deposits

Bank account balances that can be withdrawn on demand using checks or electronic payment methods without any advance notice.

Excess Reserves

The amount of reserves that a bank holds in excess of the reserve requirements set by a central bank.

Money Expansion

refers to an increase in the money supply, which can result from actions by the central bank or financial institutions that impact lending and liquidity.

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, creditors or internal controls.