Predicting the Suitability of Potential Employees for Various Positions Is

question 45

Short Answer

Predicting the suitability of potential employees for various positions is a use of personality assessment utilized by employers and job ___.

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Definitions:

Average Fixed Costs

The total fixed costs associated with production (costs that do not change with output) divided by the quantity of output produced.

Output Increases

A rise in the quantity of goods or services produced by a company or economy.

Law of Diminishing Returns

The principle that as the level of investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.

Marginal Cost

The cost of producing one additional unit of a good or service.