Examlex
Once the recruiting process has attracted a pool of applicants, the next step is to select someone to hire. The intent of the selection process is to gather information from applicants that will predict their job success. The organization can only gather information about factors that are predictive of future performance. This process is called
psychological profiling.
screening.
job specification.
validation.
none of these.
Optimal Consumption
The mix of goods and services that maximizes a consumer's utility given their budget constraints.
Initial Endowment
The initial quantity of goods, services, or resources an individual, institution, or country possesses at the start of an economic analysis.
Relative Prices
The price of one good or service compared to another, indicating their exchange rate in the market.
Normal Good
A type of good for which demand increases when income increases and falls when income decreases, with other factors being constant.
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