Answer:
B. provides common industry definitions between Canada and the United States to measure economic activity and reduce barriers of trade for cross-border firms. Not is used by these two countries also Mexico is using it.
The idea behind of NAICS is make easier to trade between these 3 countries.
When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
To know more about the characteristics of an annual percentage rate, here
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Answer:
Cost per hire
Explanation:
Cost per hire is the average amount spent in an hiring or recruitment process. It usually calculated by the ratio of the total cost of hiring (both internal and external cost) to the number of employee hired. Cost per hire is also aimed at determining the efficiency of a recruitment process
