MATCHING KEY TERMS AND DEFINITIONS

question 35

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-The proven relationship of a selection device to relevant criterion.

• A)Performance simulation test
• B)Weighted application forms
• C)Application
• D)Reliability
• E)Criterion-related validity
• F)Background investigation
• G)Concurrent validity
• H)Qualified privilege
• I)Work sampling
• J)Behavioral interview
• K)Validity generalization
• L)Predictive validity
• M)Cut score
• N)Validity
• O)Interviewer bias

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Definitions:

Moral Hazard

The situation where one party is more likely to take risks because the negative consequences of those risks will be felt by another party.

Asymmetric Information

Occurs when one party in a transaction has more or superior information compared to another, affecting decision-making.

Moral Hazard

A situation in economics and finance where one party takes more risks because another party bears the cost of those risks.

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicle-related damages.