A Manager Is Examining the Number of Applicants for a Job

question 40

Multiple Choice

A manager is examining the number of applicants for a job compared to the number of people needed to be hired. What is this figure called?

• A) the yield ratio
• B) the selection ratio
• C) the base ratio
• D) the validity coefficient

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Definitions:

Variable Costs

Expenses that fluctuate with the level of output or sales, such as raw materials and direct labor.

Fixed Costs

Costs that do not vary with the level of production or sales, remaining constant regardless of business activity levels.

Variable Costs

Costs that vary directly with the level of production or the volume of services provided.

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.