Once a Firm Has a Pool of Applicants,the First Step

question 3

Multiple Choice

Once a firm has a pool of applicants,the first step in prescreening is the ________.

• A) in-person interview
• B) on-site visit
• C) application form
• D) worker orientation

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and equipment costs.

Net Income

The net income of a business following the deduction of all costs and taxes from its earnings.