Which of the Following Statements Is Correct

question 3

Multiple Choice

Which of the following statements is correct?

• A) In a partnership, liability for other partners' misdeeds includes but is limited to the amount a particular partner has invested in the business.
• B) Partnerships must be formed according to specific rules which include the filing of a formal written agreement with state authorities where the partnership does business.
• C) A fast growth company would be more likely to set up a partnership for its business organisation than would a slow-growth company.
• D) Partnerships have difficulty attracting capital in part because of the other disadvantages of the partnership form of business, including impermanence of the organisation.
• E) A major disadvantage of a partnership as a form of business organisation is the high cost and practical difficulty of its formation.

Understand how performance prediction and job performance are assessed through selection methods.

Appreciate the role of personality and cognitive tests in predicting job performance.

Explain the significance of various validity studies (concurrent, predictive) in ensuring effective selection systems.

Recognize how diversity and bias prevention measures (e.g., "name-blind" resumes) contribute to fair selection practices.

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Definitions:

Familywise Error

The familywise error rate is the probability of making one or more false discoveries, or Type I errors, when performing multiple hypotheses tests.

Type I Error

A statistical error occurring when one incorrectly rejects a true null hypothesis, also known as a false positive.

Probability

A measure of the likelihood or chance that a particular event will occur.

Familywise Error

The probability of making one or more false discoveries, or Type I errors when performing multiple hypotheses tests.