For Over 40 Years, Golden Creamery Has Been Mixing Up

question 47

Multiple Choice

For over 40 years, Golden Creamery has been mixing up fresh, gourmet ice cream for customers. The company originated in Dallas and now boasts stores in 35 states. The business has primarily expanded by selling franchises to qualified candidates. Golden Creamery executives realize that the firm's success depends upon the success of each franchise. In the past, each individual franchise owner determined the best method for screening applicants. However, as the firm grows, Golden Creamery executives want to standardize the hiring process by requiring all franchisees to use the same preemployment tests. Which of the following best supports the argument that Golden Creamery should use a certified psychologist to develop preemployment tests?

• A)Golden Creamery needs to comply with all federal and state laws.
• B)Golden Creamery competitors use psychologists for test development.
• C)Golden Creamery strives to create a conscientious organizational culture.
• D)Golden Creamery needs to ensure that tests are legally and ethically appropriate.

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Definitions:

Arithmetic Average Return

The sum of returns in each period divided by the number of periods, often used to calculate the average return of an investment.

Multi-year Period

An extended timeframe that spans over multiple years, often used in the context of financial planning or contracts.

Variance

A numerical indicator representing the variance within a dataset, highlighting the extent to which the values deviate from the mean.

Squared Deviation

The squared difference between a specific value and a comparison value, commonly used in statistics to measure variability.