The Two Major Types of Ability Tests Are Aptitude and Achievement

question 24

True/False

The two major types of ability tests are aptitude and achievement.
17.80% of organizations use some sort of ability test in selection decisions.

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Definitions:

Flexible Budget

A budget that adjusts or scales according to the volume of activity, providing a more useful tool for performance evaluation.

Direct Labor

Labor costs that are easily traced to or directly associated with specific products or services.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and loan payments.