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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.Based on an applicant's unswerving eye contact, the president commented that the applicant was honest and confident.What is this an example of
Relevant
Pertaining to decision-making, it refers to information or costs that will change as a result of a decision, thereby affecting the outcome.
Total Cost
The sum of all expenses associated with the production or provision of goods and services, including fixed and variable costs.
Per Unit
A term referring to the cost, price, or measurement associated with a single unit of a product or service.
Cost Data
Information regarding the expenses incurred in the production or delivery of goods and services, used for pricing, budgeting, and financial analysis.
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