An Organization That Wishes to Use Personality as a Criterion

question 25

True/False

An organization that wishes to use personality as a criterion must be certain that successful and unsuccessful employees can be distinguished in terms of their personalities.

---

Definitions:

Opportunity Cost

Passing up on potential profits from a range of choices when one selection is made.

Decision-making Process

A series of steps taken by an individual or organization to determine the best action to achieve a particular goal.

Efficient Markets

Financial markets where prices fully reflect all available information.

Marginalism

The process of analyzing the additional or incremental costs or benefits arising from a choice or decision.