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Johan Yee has been a sales representative at a medium-sized textbook publishing house for five years. He has just been promoted by the sales director of his company to sales manager of a new territory. As sales manager, he is tasked with hiring and training three new sales representatives for his team.
-Johan crafts a descriptive ad and receives hundreds of resumes in response. He reads through them and chooses the 20 best candidates. To further screen candidates,he invites those 20 to take a test that profiles their skills. What is the best advice to give Johan about testing?
Capital Goods
Long-term assets purchased by businesses to produce goods and services.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all resources are fully utilized.
Opportunity Costs
The penalty of overlooking the next most advantageous option when a choice is made.
Efficient
Achieving maximum productivity with minimum wasted effort or expense.
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