Some Software Firms Require That Applicants Have Passed Certain Standardized

question 43

Multiple Choice

Some software firms require that applicants have passed certain standardized certification tests before being hired.This policy is necessary when

• A) cheap talk does not provide a credible signal.
• B) cheap talk does provide a credible signal.
• C) the interests of the firm and the applicant converge.
• D) the applicant is honest about her abilities.

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Definitions:

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, morals, beliefs, and habits.

Autocorrelation

The correlation of a signal with a delayed copy of itself as a function of delay, often used in time series analysis.

Graphing

The process of representing data visually using charts, plots, or diagrams to identify trends, patterns, or relationships.

Residuals

The differences between observed and predicted values in a statistical model, representing the error in predictions.