Asking Applicants About Future Behavior Occurs in a _____ Interview;

question 64

Multiple Choice

Asking applicants about future behavior occurs in a _____ interview; asking applicants about past behavior occurs in a _____ interview.

• A)retrospective; prospective
• B)prospective; retrospective
• C)situational; behavior description
• D)behavior description; situational

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Definitions:

AVC

stands for Average Variable Cost, which is the total variable cost divided by the quantity of output produced.

MC

Marginal Cost, the increase in total cost that arises from producing one additional unit of a good or service.

AVC

Average Variable Cost, the variable cost per unit of output.

Law Of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if all other variables remain at a constant.