Acme Global Uses Four Different Selection Tests: an Honesty Test,a

question 46

Multiple Choice

Acme Global uses four different selection tests: an honesty test,a skills test,a cognitive ability test,and an interview.To become a finalist,a job candidate must first score highly on the honesty test.After that,the candidate must score at least 50 on both the skills and cognitive ability tests.Once those are passed,the candidate must pass the interview to become a finalist for the job.Acme Global is using a(n) __________ selection model.

• A) open-ended
• B) multiple-hurdle
• C) compensatory
• D) inquiry

---

Definitions:

Upward Sloping

A graphical representation indicating that as one variable increases, the other variable also increases, shown as a line moving to the right and upwards.

Monopsonist

is a market condition where there is only one buyer facing many sellers, giving the buyer significant influence over prices.

Marginal Cost

The increase in total cost that arises from producing an additional unit of a good or service.

Wage Rate

The amount of money paid to an employee per unit of time for labor or services rendered.