Sally and Bob Both Apply for a Position as an Accounting

question 70

Multiple Choice

Sally and Bob both apply for a position as an accounting clerk.The Human Resource (HR) professional responsible for selecting the best candidate for position administers a standardized test of basic mathematical skills to both Sally and Bob.Based on their scores,the HR professional chooses Sally.The reason for this choice is a determination that Sally has an 85% chance of performing at an acceptable level.By contrast,Bob's score indicated that he had only a 50% chance of performing successfully.The tool of assessment used to make this hiring decision MOST probably was

• A) the method of predictive yield.
• B) a Taylor-Russell table.
• C) an expectancy table.
• D) the Rorschach.

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Definitions:

Wage Expense

The total cost incurred by a company for paying its employees, including salaries, wages, and other compensation.

Wages Payable

The total amount of wages earned by employees but not yet paid by the employer at the end of an accounting period.

Cash Outflows

The total amount of money being spent by a business during a period.

Dividends Payable

A liability on a company's balance sheet that indicates the amount of dividends it owes to shareholders, to be paid out in the future.