Identify and Describe the Three Types of Specific Cognitive Ability

question 46

Short Answer

Identify and describe the three types of specific cognitive ability tests. For each ability test, identify a job that would benefit from having the test as a predictor of job performance.

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Definitions:

Unfavourable Variances

Unfavourable Variances are cost or revenue variances that indicate a business is performing worse than its budgeted or planned figures.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to a consumer, including raw materials, labor, and other direct costs associated with production.

Credit Entry

An accounting entry that increases a credit account or decreases a debit account, representing the source of funds or value entry in a financial transaction.

Direct Material Price

The cost of raw materials that are directly used in the manufacturing of a product.