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A Human Resources Manager in the IT Sector Was Concerned

question 11

Multiple Choice

A human resources manager in the IT sector was concerned about unconscious bias in recruitment panels. There were two posts and seven candidates, four men and three women. Theoretically, all the candidates have an equal probability of being hired as they all match the selection criteria. However, the manager has data that suggests that it is more likely men will be hired based on data from across the IT sector and within her own company. However, the manager has implemented many equality initiatives within her company and therefore wants to determine the probability that still no women will be hired. What formula could she use to determine this probability and assess the impact of unconscious bias in her company's recruitment?

Definitions:

Budgeted Cash Receipts

Forecasted cash inflows for a certain period, accounting for all expected sources of revenue including sales, investments, and loans.

Budgeted Cash Disbursements

An estimate of all cash payments that a business plans to make over a specific period, including operating expenses and capital expenditures.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming to more accurately reflect the costs incurred.

Manufacturing Costs

Expenses related to the production of goods, including direct materials, direct labor, and manufacturing overhead.