Peter Applied to an Accounting Firm and a Consulting Firm

question 110

Multiple Choice

Peter applied to an accounting firm and a consulting firm. He knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. Assume that receiving an offer from one firm is independent of receiving an offer from the other. What is the probability that both firms offer Peter a job?

• A) 0.05
• B) 0.06
• C) 0.44
• D) 0.50

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Definitions:

Satisfaction Forms

Documents or surveys used to gauge the satisfaction levels of employees, customers, or clients with services, products, or employment conditions.

Behaviorally Anchored Rating Scales

A performance appraisal method that uses specific behaviors as anchors on a scale to assess employee performance.

Straight Ranking

A method of employee evaluation where individuals are ranked in order from best to worst based on specific criteria or overall performance.

Management by Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.