The Compensatory Approach to Hiring Is Used When

question 17

Multiple Choice

The compensatory approach to hiring is used when:

• A)predictors are assumed to be independent
• B)scores for each predictor are evaluated on a pass or fail basis
• C)the applicant is hired based on what their expected compensation package (pay)would be
• D)affordability of the applicants compensation package (pay)is a predictor in the selection process
• E)performing well on one predictor can compensate for performing poorly on another

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Definitions:

Product Warranty Expense

The cost associated with repairing or replacing products under warranty, recognized by companies to cover future warranty claims.

Warranty Repairs

Services offered for free by a manufacturer or seller to correct defects or malfunctions within a certain period after purchase.

Warranty Expense

Costs that a company anticipates or incurs when repairing or replacing products under warranty to meet its customers' expectations or contractual obligations.

Installment Note

A debt instrument that requires a series of periodic payments, typically consisting of both principal and interest.