In Using Educational Level as an Initial Selection Criterion, Which

question 27

Multiple Choice

In using educational level as an initial selection criterion, which of the following statements is false?

• A) The degree received from an institution is not sufficient as a sole indicator of an applicant's level of education.
• B) A GED is a high school equivalency degree and is about as good as a conventional high school diploma in predicting job performance.
• C) Educational level is a predictor of job performance.
• D) High-level degrees from non-accredited schools may be indicators of lesser accomplishment than lower-level degrees from accredited schools.

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Definitions:

Prior Service Cost

Costs that arise when a pension plan is amended to increase benefits for employee service provided in prior periods, recognized over the service periods of affected employees.

Unrecognized Prior Service Cost

Costs associated with retroactive benefits granted in pension plans, which are not immediately recognized as an expense but are amortized over time.

Years-Of-Future-Service Method

An actuarial technique used to calculate pension benefits, taking into account the expected years of service remaining for an employee.

Defined Benefit Pension Plan

A retirement plan where employee benefits are calculated using a formula that considers several factors, such as length of employment and salary history, with the employer bearing the investment risk.