Selection Tools Such as Application Blanks,interviews,and Reference Checks

question 22

Multiple Choice

Selection tools such as application blanks,interviews,and reference checks:

• A)Are very useful in building a job description.
• B)Are used heavily in the recruiting stage of the selection process.
• C)Are used to help measure each applicant against predetermined hiring qualifications.
• D)Can be bypassed by sales managers who are good at judging people.
• E)None of these is true.

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Output

The quantity of goods or services produced by a firm, sector, or economy within a certain period.

Overhead Costs

Expenses not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.