The Selection Process Begins

question 51

Multiple Choice

The selection process begins:

• A)with a job vacancy
• B)once the recruiting process has provided a pool of applicants
• C)as soon as the human resource department becomes involved
• D)between job analysis and recruiting
• E)with the hiring of the best applicant

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Definitions:

Mutually Exclusive

Conditions or options that cannot occur or be chosen at the same time, requiring a choice to be made between them.

Internal Rate

Often refers to the internal rate of return (IRR), a metric used in capital budgeting to estimate the profitability of investments.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

NPV Decision Rules

Guidelines used to determine the viability of an investment or project based on the Net Present Value, which calculates the present value of cash inflows minus the present value of cash outflows.