Bobby Did Very Well on All the Selection Devices Used

question 55

Multiple Choice

Bobby did very well on all the selection devices used by his organization and was hired for the job. Unfortunately, his performance has been well below average. The selection devices

• A) did the job they were supposed to.
• B) do not appear to be valid in this case.
• C) are very reliable.
• D) must be augmented with EEOC testing.
• E) are appropriate items for low-skilled jobs.

Understand the use of the Herfindahl-Hirschman Index (HHI) by the government in merger regulation.

Calculate the Herfindahl-Hirschman Index (HHI) and analyze market concentration.

Distinguish between different levels of market concentration as indicated by the HHI.

Recognize the legal and regulatory framework for antitrust and merger control in the U.S., including the role of the Sherman Antitrust Act, the Clayton Act, the Federal Trade Commission Act, and the Celler-Kefauver Act.