Examlex
Although interviews are widely used,there are several concerns about interviews including being unreliable,low in validity,biased,and costly.How can organizations avoid some of these pitfalls associated with the use of interviews as a selection method?
Opportunity Cost
The expense associated with missing out on the second-best choice while deciding among multiple possibilities.
Efficient Markets
A concept that asserts that financial markets are "informationally efficient," meaning that prices of securities reflect all available information at any given time.
Opportunity Cost
The cost of choosing one alternative over another, typically representing the benefits you could have received by taking a different action.
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