What Is the Wonderlic Basic Skills Test

question 8

Multiple Choice

What is the Wonderlic Basic Skills Test?

• A) a measure of the personality characteristics needed for success on the job
• B) a measure of general job skills needed for job success
• C) a measure of adult language and math skills used to predict job readiness
• D) an interest inventory used by career counselors to measure job preferences

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Definitions:

Fixed Costs

Costs that do not vary with production level, such as rent, insurance, and salaries of administrative staff.

Variable Costs

Expenses that change directly and proportionally with the level of production or sales volume, such as raw materials and direct labor.

Break-Even Point

The level of sales at which total revenues equal total costs, resulting in zero profit.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.