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:

Long Run

In economics, a period in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, representing the cost per unit of output.

Total Revenue

The complete sum of funds a company acquires from selling goods or offering services over a specified time period.

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and taxes.