Scribe Engineering, an Information Technology Company, Recently Made a Costly

question 67

Multiple Choice

Scribe Engineering, an information technology company, recently made a costly screening error when it underestimated the potential of a software engineer, resulting in a no-hire decision.The applicant accepted a position with a competing organization and developed a new, leading-edge software, taking away substantial market share from Scribe Engineering.What is this error called

• A)a false positive
• B)a false negative
• C)a positive error
• D)a negative error

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Definitions:

Total Benefits

The complete range of advantages or improvements gained from an action or investment, encompassing both direct and indirect benefits.

Total Costs

The aggregate of all financial outlays involved in the creation of goods or services, covering both stable and changeable costs.

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Free-Rider Problem

The inability of potential providers of an economically desirable good or service to obtain payment from those who benefit, because of nonexcludability.