A Low Selection Ratio Means

question 36

Multiple Choice

A low selection ratio means

• A)the cutoff score for selection decisions will be relatively low.
• B)there are very few qualified applicants.
• C)only the most promising applicants will be hired.
• D)little selectivity among applicants will be possible.

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Definitions:

Total Lead Time

The cumulative time required for a product to complete all stages of production, from initiation to final delivery.

Long Setups

The extended time period required to prepare or configure machinery and equipment for a specific production task.

Large Batch Sizes

This term refers to the production of goods in large quantities at a time, often to achieve economies of scale but possibly increasing holding costs.

Smaller Inventories

Holding reduced levels of stocks or goods to lower storage costs and minimize risk of obsolescence.