A Profile Interpretation Strategy for Collecting and Combining Predictive Information

question 68

Multiple Choice

A profile interpretation strategy for collecting and combining predictive information is:

• A)one in which all information (both mechanical and judgmental data) is first mechanically combined into a prediction about the applicant's likely success; then this prediction is judged in the context of other information about the applicant
• B)one in which data are collected mechanically but combined judgmentally
• C)one in which judgmental data are collected, but they are combined mechanically
• D)one in which data are both collected mechanically and combined mechanically

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Definitions:

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors hold true.

Fixed Manufacturing Cost

Costs that do not vary with the level of production, such as rent, salaries of permanent employees, and depreciation of factory equipment.

Manufacturing Overhead Cost

The total of all costs associated with manufacturing beyond direct materials and direct labor, including indirect expenses such as maintenance and factory utilities.

Direct Manufacturing Cost

Costs that are directly attributable to the manufacturing process, including direct labor and direct materials cost.