A Selection Ratio of 1:3 Generally Means That

question 39

Multiple Choice

A selection ratio of 1:3 generally means that

• A)there are many applicants from whom to select.
• B)there are high quality recruits and many applicants from whom to select.
• C)there are low quality recruits, but many applicants, from whom to select.
• D)there are a limited number of applicants from whom to select.
• E)there are a limited number of applicants from whom to select who are also likely low quality recruits.

---

Definitions:

Consumer Welfare

The overall well-being and interest of consumers, focusing on the quality, affordability, and accessibility of goods and services.

Consumer Financial Protection Bureau

A U.S. government agency aimed at ensuring consumers are treated fairly by banks, lenders, and other financial institutions, and protecting consumers from unfair, deceptive, or abusive practices.

Financial Crisis

A significant disruption in the flow of funds within financial markets and institutions, leading to a severe decline in asset values and liquidity, often resulting in a recession.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, resulting in reduced costs per unit of output.