A Trait Rating Strategy for Collecting and Combining Predictive Information

question 22

Multiple Choice

A trait rating strategy for collecting and combining predictive information is:

• A)one in which judgmental data are collected and then are combined mechanically.
• B)one that first subjectively combines all information (both mechanical and judgmental) into a prediction about the applicant's likely success; this information is then mechanically combined with other information to create an overall score for the applicant.
• C)one that collects both judgmental and mechanical data and combines them mechanically.
• D)one in which data is collected mechanically and combined objectively.

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Definitions:

Total Revenue

The overall amount of money generated from the sale of goods or services before any expenses are subtracted.

Output

The quantity of goods or services produced in a given time period.

Price Per Unit

The cost of a single unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.