Which of the Following Is the Primary Advantage of Using

question 64

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) Industrial psychologists are involved in the testing process.
• D) Peers are effectively able to predict the success of applicants.

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Definitions:

Sales Revenue

Sales revenue refers to the income received from the sale of goods or services before any costs or expenses are deducted, serving as a primary source of business income.

Retail Inventory Method

An accounting technique used by retailers to estimate inventory costs by applying a consistent gross margin percentage to the retail price of the goods.

Shrinkage

The reduction in inventory mainly due to shoplifting, employee theft, or other errors.

Physical Count

The process of manually counting and verifying the actual inventory in a business at a specific point in time.