Scenario 10-1 for Four Months You Have Been Employed as the Part-Time

question 20

Multiple Choice

Scenario 10-1 For four months you have been employed as the part-time HRM for TS Inc., a small Canadian aviation company.In the past, recruitment and selection rested on the shoulders of the president and, like most small companies, TS Inc.used employee referrals and an informal interview process in selecting employees.Since you have been hired, you have guided management through several stages of the recruitment and selection process to hire an aircraft maintenance engineer.TS Inc.has used proper selection methods, such as screening, testing, and structured interviews, but is not sure about how to integrate the data from these various sources.In the past, the president relied on his gut feeling about applicants and made poor hiring decisions.
-Refer to Scenario 10-1.In the past, TS Inc.used subjective sources such as unstructured interviews to collect applicant information.What is this approach called

• A)profile interpretation
• B)pure judgment
• C)profile judgmental
• D)judgmental composite

Understand forms of knowledge management and the purposes they serve within organizations.

Recognize the challenges and benefits of surveillance and monitoring practices in the workplace.

Understand the role of analytics and big data in organizational decision-making and efficiency.

Identify the consequences of constant connectivity and the reliance on digital devices in the professional and personal realms.

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Definitions:

Empirical Approach

A method of acquiring knowledge based on observation or experience rather than theory or pure logic.

After-Tax Cost of Capital

The net cost of capital to a firm after accounting for the tax benefits received on debt interest, reflecting the true cost of acquiring funding after taxes.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in investment appraisal and capital budgeting.

Wilderness Campgrounds

Designated camping areas within natural, undeveloped landscapes, often in national parks or forests, where people can camp with minimal facilities, emphasizing an experience close to nature.