Barry Benson Has Developed an Honest Assessment That He Believes

question 16

Multiple Choice

Barry Benson has developed an honest assessment that he believes will predict successful performance of tellers hired at his bank. If he wants to ensure his assessment actually predicts what it is supposed to, he could have it scrutinized with a

• A)validity study.
• B)behavior-focused review.
• C)objective measure.
• D)structured interview.

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Definitions:

Product Price

The financial cost of obtaining a product or service.

Marginal Revenue Product

The supplementary income realized by the application of one more unit of a resource, like labor or capital.

Labor

The engagement of human physical strength and intellectual power in producing goods and offering services.

Additional Revenue

The increase in total revenue that results from selling an additional unit of a product or service.