Which of the Following Scenarios Is an Appropriate Example of an Experience-Based

question 48

Multiple Choice

Which of the following scenarios is an appropriate example of an experience-based situational interview?

• A)Jerry was asked to describe the steps he would take if he disagreed on the way his supervisor handled a given situation.
• B)Karl was asked to describe the course of action he would take to handle complaints regarding one of his colleagues who was going through some major personal issue which no one else knew about.
• C)Fiona was asked to give an example of a situation in which she successfully showed her leadership skills.
• D)Gina was asked to speak about the steps she would take if she knew that one of her colleagues was pretending to be ill just to enjoy some time off.
• E)Harold was asked to describe the steps he would take in order to convince his not convinced team-mates about a new sales plan.

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Definitions:

Downward-Sloping Demand

A market condition reflected in a demand curve where the quantity demanded of a good decreases as the price of that good increases, and vice versa.

Total Surplus

The sum of consumer and producer surplus; a measure of the overall benefit to society from a market transaction.

Perfectly Price-Discriminated

A pricing strategy situation where a seller charges the maximum possible price for each unit consumed that consumers are willing to pay, thereby capturing all potential consumer surplus.

Perfect Price Discrimination

The act of charging each consumer the maximum price that they are willing to pay for a product, thereby capturing the entire consumer surplus.