George Reyes Has Recently Been Hired as the Vice President

question 30

Multiple Choice

George Reyes has recently been hired as the vice president of marketing at Great Toys, a mid-size firm that specializes in classic wooden toys. The CEO of Great Toys wants to expand the firm's presence in the toy market, which is highly competitive. As a result, the marketing department's budget has been significantly increased. George plans to use some of the additional funds to hire a new media planner. George is considering the idea of conducting a structured situational interview in the hiring process. Which of the following most likely undermines the argument that George should use a structured situational interview to hire a media planner?

• A)The HR department prefers handling job evaluations without the assistance of managers.
• B)George and the HR manager lack the time required to participate in a lengthy interview process.
• C)George worked as a media planner at another firm and is familiar with the tasks involved in the job.
• D)Great Toys has used headhunters in the past to fill executive-level positions at the firm.

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Definitions:

Operating Activities

The day-to-day activities of a business related to producing and selling its product, providing services, or other activities that are not investing or financing.

Common Size Income Statement

An income statement in which each line item is expressed as a percentage of sales revenue, facilitating comparison across companies or periods.

Percent of Assets

A measure or indicator expressed as a percentage of a company's total assets.

Interest Coverage Ratio

A financial metric used to determine how easily a company can pay interest on outstanding debt with its current earnings before interest and taxes.