Which of the Following Is the Primary Advantage of Using

question 31

Multiple Choice

Which of the following is the primary advantage of using management assessment centers in the selection process?

• A) Development costs are very low.
• B) Minimal time is required for test administration.
• C) Test development responsibilities are shared by managers.
• D) Industrial psychologists are involved in the testing process.
• E) Peers are effectively able to predict the success of applicants.

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Definitions:

Relatively Inelastic

Relatively inelastic describes a scenario where the demand or supply for a product changes only slightly in response to changes in price.

Unitary Elasticity

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Percentage Increase

A measurement that calculates the degree to which a value has risen compared to its previous value, expressed as a percentage.

Price Elasticity

Measures how much the quantity demanded of a good changes in response to a change in its price.