In the Personnel File Research Predictive Validation Design, Applicants Are

question 26

Multiple Choice

In the Personnel File Research predictive validation design, applicants are:

• A)hired, placed on the payroll and subsequently tested.Predictor scores are obtained at a later time.
• B)selected on the basis of their predictor scores .
• C)hired and their personnel records contain references to test scores or other information that may serve as predictors.
• D)none of the above

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Definitions:

Opportunity Cost

The value of the best alternative that is foregone when a particular course of action is chosen.

Incremental Cash Flow

is the additional cash flow generated by a company from a new project or investment, used to analyze the profitability of taking on the new project.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Fixed Cost Financing

A financing strategy where the costs remain constant regardless of the level of production or sales.