Regarding Personnel Selection, Which of the Following Statements Is FALSE

question 119

Multiple Choice

Regarding personnel selection, which of the following statements is FALSE?

• A)The detailed information collected about job applicants is called biodata.
• B)Standardized psychological tests are often used in evaluating job candidates.
• C)The last step in personnel selection is to perform a job analysis.
• D)Through personal interviews, interviewers can gain an impression of the applicant's personality.

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Definitions:

Contribution Margin

The selling price per unit, minus the variable cost per unit, indicating how much each unit contributes to covering fixed costs and generating profit.

Break-even Point

A stage where total sales or production volume exactly matches the overall expenses, consequently yielding no financial gain or deficit.

Break-even Point

The financial stage where total costs equal total revenue, meaning the business is neither making a profit nor a loss.

Unit Variable Costs

Costs that vary directly with the production volume, per unit produced.