As Part of the Selection Process for a Job, Derek

question 280

Multiple Choice

As part of the selection process for a job, Derek was asked to work for a few hours inside a facility where the real work conditions of the job were simulated. Which of the following selection techniques is being used in this case?

• A) work sampling
• B) biodata method
• C) behavioural interview
• D) assessment centre
• E) situational interview

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Definitions:

FIFO vs. LIFO

Refers to the accounting methods for inventory management; FIFO stands for First-In, First-Out, indicating that the oldest inventory items are recorded as sold first, whereas LIFO stands for Last-In, First-Out, where the most recently produced or acquired items are the first to be expensed.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting the cost of capital from its operating profit.

Residual Income

The amount of net income generated in excess of the minimum rate of return expected by shareholders or creditors, often used as a performance measure for investment or business valuation.

Stern & Stewart

A global management consulting firm known for its development of the Economic Value Added (EVA) concept.