Assessment Centers Have Been Shown to Be Highly Effective in Predicting

question 26

Multiple Choice

Assessment centers have been shown to be highly effective in predicting employee performance. Employers should also know that assessment centers have all of the following drawbacks except

• A)they are expensive.
• B)they are time-consuming.
• C)their effectiveness is less accurate if used in the second step of the selection process.
• D)their results may only correlate with interview and test score results.

---

Definitions:

Financial Economists

Specialists who study the ways in which money, financial instruments, and financial markets influence the economy.

Portfolio Management

The science and art of making decisions about investment mix and policy, matching investments to objectives, asset allocation, and balancing risk against performance.

Rate of Return

The percentage of profit or loss on an investment over a specified period of time.

Framing Effect

The cognitive bias where people decide on options based on whether they are presented in a positive or negative way.