When the Selection Ratio Goes Up

question 11

Multiple Choice

When the selection ratio goes up,

• A) the bookmark procedure has less validity.
• B) hiring becomes less selective.
• C) hiring becomes more selective.
• D) hiring is unaffected by the selection ratio.

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Definitions:

Profit-Maximizing Principle

An economic concept that companies aim to achieve where they generate the maximum possible profits by adjusting output levels.

Marginal Benefit

The supplemental value or usefulness derived from using another unit of a good or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Net Benefit

The total positive impact or gain subtracted by the total cost or negative impact, typically used in the analysis of business or policy decisions.