Why Should Employers Be Cautious Regarding the Use of Biodata

question 38

Multiple Choice

Why should employers be cautious regarding the use of biodata

• A)Collection of biodata information is not job related.
• B)Providing any false, misleading, or incomplete information is grounds for discharge.
• C)Biodata methods are illegal under US legislation.
• D)Results may be inaccurate because of gender and race differences.

Define investment in economic terms and distinguish it from general financial transactions.

Identify factors that stimulate or slow down investment in varying interest rate environments.

Appreciate the implications of risk and uncertainty in making investment decisions and assess the need for a risk premium.

Understand the basic concept of interest rates and how they are calculated.

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Definitions:

Circulation Loss

The reduction or stoppage of blood flow to a particular part of the body, potentially leading to health complications.

Signal-Detection

The theory and method of differentiating between information-bearing patterns and random patterns that distract from the information.

Fechner's Law

A principle describing the logarithmic relationship between stimulus magnitude and perceptual intensity, suggesting that sensation increases as the logarithm of the stimulus intensity.

Weber's Law

A principle stating that the smallest perceptible change in a stimulus, or the just noticeable difference, is a constant proportion of the original stimulus.