The Screening Tool Which Is Most Often Used by Employers

question 2

Multiple Choice

The screening tool which is most often used by employers in the selection process is

• A) working sampling.
• B) an assessment centre.
• C) an interview.
• D) a personality test.
• E) an intelligence test.

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Definitions:

Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating how well the company is managing its labor costs.

Direct Labor Standards

The expected amount of time and wage rate for workers to complete a unit of production.

Labor Efficiency Variance

A measure of the difference between the actual hours worked and the standard hours expected to produce a certain level of output.

Standard Cost System

An accounting method that uses cost estimates for labor, materials, and overhead to assign costs to products, facilitating variance analysis between expected and actual costs.