When Random Selection Is Used to Select the Finalist to Whom

question 65

True/False

When random selection is used to select the finalist to whom a job offer will be made, discretionary assessment methods should be used.

---

Definitions:

Joseph Schumpeter

An economist known for his theories on business cycles and economic development, emphasizing the role of innovation and entrepreneurship.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.

Invisible Hand

A metaphor coined by Adam Smith to describe the self-regulating nature of the market, where individuals pursuing their own interests inadvertently benefit society as a whole.

Competitive Market

A market structure characterized by a large number of buyers and sellers where no single party can dictate the market price of goods or services.