Which Concept Refers to the Qualifications Necessary for Minimally Acceptable

question 6

Multiple Choice

Which concept refers to the qualifications necessary for minimally acceptable job performance?

• A) minimum qualifications
• B) minimum screening criteria
• C) minimum selection qualifications
• D) minimum criteria

---

Definitions:

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period; commonly found in retirement accounts and loan repayments.

Ordinary Annuity

A financial product resulting in payments of a fixed amount received or paid at the end of period intervals.

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, with this process happening every month.