What Is a Reason That Companies Might Want to "Buy

question 20

Multiple Choice

What is a reason that companies might want to "buy" instead of "make" talent from the market when looking to acquire employees with a particular skill set?

• A)External training methods are better than internal ones
• B)Companies are always willing to pay more for external employees
• C)External training is more advanced (up-to-date)than internal
• D)Scale economies can result in fixed education costs while in house education methods may be more expensive
• E)Externally trained employees are more likely to become better business leaders

Identify key figures in the field of intelligence research and their contributions.

Understand the use and interpretation of factor analysis in understanding intelligence.

Explain the significance and application of test standardization and norms in intelligence testing.

Understand the concepts of validity and reliability in the context of psychological testing, specifically intelligence tests.

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Definitions:

Performance Feedback

Information given to individuals or teams about their work performance, aiming to reinforce strengths and address weaknesses.

Progress Reports

Documents or updates that communicate the development, advancement, or status of a project or task over a certain period.

Assignment Of Tasks

The distribution of specific duties or jobs to individuals or teams within an organization or project.

Downward Communication

The flow of information from higher levels of an organizational hierarchy to lower levels.