Mark Meets Briefly with Applicants for Positions in His Company

question 420

Multiple Choice

Mark meets briefly with applicants for positions in his company and relies on his immediate gut-level first impressions in deciding whether to offer them a job.Mark's employment decisions are most clearly guided by

• A) an operational definition.
• B) the testing effect.
• C) hindsight bias.
• D) intuition.

---

Definitions:

Nominal Interest Rate

The interest rate before adjustments for inflation; the stated or named rate on a loan or financial product.

After-tax Real Interest Rate

The interest rate that an investor earns on an investment after paying taxes, adjusted for inflation.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, typically measured on a yearly basis.

Accountants

Professionals who perform financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.