The ______ Are (Is) Used to Determine the Amount of Money

question 13

Multiple Choice

The ______ are (is) used to determine the amount of money that an organization would save if it used a particular test in place of the test it currently uses to select employees.

• A) Brogden-Cronbach-Gleser formula
• B) Taylor-Russell Tables
• C) expectancy charts
• D) Lawshe tables

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Definitions:

CVP Analyses

Cost-Volume-Profit Analyses, a financial modelling technique that analyzes how changes in costs and volume affect a company's profits.

Estimates

Approximations or educated guesses used in planning and decision-making, especially in budgeting and forecasting.

Safety Margin

The difference between the actual performance of a business and the break-even point, indicating the buffer or cushion against drop in performance.

Product Mix

The Product Mix refers to the total variety of products and services offered by a company to its customers.