The First Few Seconds of an Interview

question 2

Multiple Choice

The first few seconds of an interview

• A)are of little importance as the applicant is just settling in for the exchange of information.
• B)are not noticed by the interviewer who is preparing for the questions to be asked.
• C)are vitally important, as the interviewer forms an impression of the applicant that is difficult to change.
• D)are the only part of the interview that really matter to the interviewer.

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Definitions:

Utility Function

A formula that quantifies the happiness or satisfaction a consumer gains from consuming different combinations of goods and services.

Edgeworth Box

A diagram used in microeconomics to show the distribution of resources or goods between two parties and to illustrate potential gains from trade.

Pareto Efficient

A Pareto efficient outcome is one in which it is impossible to make any one individual better off without making at least one individual worse off, indicating an optimal allocation of resources.

Utility Function

A mathematical representation of how a consumer's preferences between different goods or services translate into levels of satisfaction or utility.