Which Psychologists Typically Work in Two Major Areas

question 193

Multiple Choice

Which psychologists typically work in two major areas:
(1) studying jobs to identify underlying skills, which can then guide efforts to select people and train them for those jobs; and
(2) studying organizations to understand how to create structures and company cultures that will improve worker performance?

• A)industrial\organizational
• B)environmental
• C)comparative
• D)sociological

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Definitions:

Net Present Value

This refers to the calculation used to determine the current value of a series of future cash flows by applying a discount rate.

Initial Cash Outlay

The upfront amount of cash needed to initiate a project or investment, including acquisition costs and other initial expenses.

SML Approach

Stands for Security Market Line, a graphical representation that shows the expected return of an investment as a function of its risk.

Cost of Equity

The return that investors require for an investment in a firm's equity, representing the compensation for bearing risk.