Derek Pierce, the Hiring Manager, Was Collating the Scores of the Twelve

question 76

Multiple Choice

Derek Pierce, the hiring manager, was collating the scores of the twelve candidates who were interviewed a week earlier. He put together their interview ratings, scores on preemployment tests as well as the details of their background checks and sent it to be reviewed by the managers and supervisors. When the list of selected candidates was sent back, he felt that some promising candidates had been left out. Consulting the list, he realized that those who were chosen were interviewed in the last two days of a weeklong interview schedule. Derek decided that this biased selection had to be reworked. Which of the following bias is reflected here?

• A) Generalization bias
• B) Recency bias
• C) Similar to me bias
• D) Cultural noise bias
• E) Contrast bias

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Definitions:

Circular Flow

A model in economics that depicts how goods and services and money move through the economy between households, businesses, government, and foreign sectors.

Value Added

The increase in worth of a product or service as a result of a particular process, calculated by the difference between the sale price and the production cost.

Double Counting

The error of including the same transaction or item more than once in a calculation or analysis, leading to inaccurate results.

Injections

Additional spending entering the economy, typically through government spending, investment, and exports, which stimulates economic activity.