According to Cascio (1991),which of the Following Is NOT a Way

question 1

Multiple Choice

According to Cascio (1991) ,which of the following is NOT a way of defining the quality of a job candidate?

• A) the proportion who are successful on the job
• B) the average numeric value of an outcome of interest (such as number of products sold or customers served)
• C) the dollar amount of benefit resulting to the organization (such as the annual increase in revenue)
• D) the degree of how positive a job evaluation is written by an immediate supervisor

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Market Price

The current price at which a good or service can be bought or sold in a market, determined by the forces of supply and demand.