The Model of Assessment and Personnel Selection Devised by OSS

question 132

Multiple Choice

The model of assessment and personnel selection devised by OSS personnel was

• A) generally consistent with the then-current practices.
• B) unreliable as a result of then-existing time pressures.
• C) revolutionary for its time and still in use today.
• D) has remained classified to the present day.

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Definitions:

Inelastic

Describing a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.

Price Elasticity

The responsiveness of the quantity demanded or supplied of a good to a change in its price, commonly referred to in economics as price elasticity of demand or supply.

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specified period.

Midpoint Formula

A method used in economics to calculate the percentage change in quantity demanded or supplied, given two points, by dividing the change by the midpoint between the two points.