The Selection Process for Hiring the Assistant to the Mayor

question 118

Multiple Choice

The selection process for hiring the assistant to the mayor of a large city includes giving the finalists three hypothetical crisis scenarios.One deals with a terrorist threat at a sporting event,another deals with a plane crash at the airport,and the third deals with a major earthquake.Each candidate must describe his/her approach to the crisis,which will be recorded and evaluated by a panel.This is an example of a

• A) competency interview.
• B) behavioral interview.
• C) stress interview.
• D) situational interview.

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Definitions:

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, given the strategies of all other players in the game.

Zero Marginal Cost

The cost incurred by producing one additional unit of a product or service when this cost is effectively zero, often due to technological advances.

Duopolists

Firms or entities that are two in number in a market, dominating the market and setting prices either collaboratively or competitively.

Monopolist

An entity that is the sole provider of a particular product or service, controlling the entire market.