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Paul [167]
3 years ago
6

Testing is used by many companies during the recruitment process. Tests could include aptitude, psychological, personality, inte

grity, and drug testing, to name a few. From the viewpoint of the employer, discuss the pros and cons of 4 types of tests that are used.
Business
1 answer:
zmey [24]3 years ago
4 0

Personality test is an assessment that provides insight into important but intangible information about candidates such as personality, values, and work preferences.

Explanation:Pros of Personality Testing :

1, Knowing the unique information personality tests provide can help hiring managers to assess a candidate’s fit into the computer any culture.

2. Personality tests allow hiring managers to better understand how to keep individual employees engaged and motivated at work.

3. Well-designed, standardized assessments allow an organization to improve its legal defensibility by providing a fairer method of candidate comparison.

4.Personality tests can reduce the chance of putting the wrong person in the wrong role (a mistake that can be costly)

The cons of personality test:

1.Time: Personality tests can be time-consuming, which may lead to job candidate frustration or even loss to other companies.

2.Money: Personality tests can be costly to administer.

3.Accuracy: While useful for gaining behavioral insight, personality tests are not always the best indicators of how successful an individual will be in a job

4.Reliability: Candidates often answer personality tests by choosing answers they believe employers want to hear. This can make test results difficult to interpret or even invalid.

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A decrease in supply will cause the smallest increase in price when
andre [41]

Answer:

Both supply and demand are elastic.

Explanation:

Demand or supply elasticity is defined as elasticity or responsiveness with more than one numerical value, which indicates their high response to the change in price.  

Elastic demand: It is the percentage change in quantity demanded due to the change in price in absolute value of the product.

The elasticity of supply: It is defined as the response of the quantity of a good supplied to a change in the price of the good. Likely to be positive in output.

FORMULA; Elasticity of supply= (\%\ change\ in\ quantity\ supplied) / (\%\ change\ in\ price)

Due to the decrease in the supply of goods in the market, it leads to the scarcity of goods, therefore there is an increase in the price of goods.

6 0
3 years ago
Last year, a barber shop generated $100,000 in profit. Assume that the shop's profits grow at 5% per year and that cash flows ar
den301095 [7]

Answer:

$2,100,000

Explanation:

Given:

Profit generated = $100,000

Profit growth rate = 5% per year

Discount rate = 10% per year

Now,

The present value of the future profit can be calculated using the formula as:

Present value = \frac{\textup{Current cash flow}\times\textup{(1+profit growth rate)}}{\textup{Discount rate - Growth rate}}

or

Present value = \frac100,000\times\textup{(1+0.05)}}{\textup{0.10 - 0.05}}

or

Present value = $2,100,000

The present value of all the shop's future profits will be $2,100,000

5 0
4 years ago
Scenario:
Oksi-84 [34.3K]

The best strategy would be to invest in a property and then rent it to recover our investment and obtain additional profits.

<h3>What is an inversion strategy?</h3>

An investment strategy is an organized method of investing money in a business and making a profit in the future. This strategy allows us to organize our ideas to establish the best option that is within our reach to make the most of our investment.

<h3>What investment strategy should we use in this case?</h3>

In this case, taking into account that we no longer have pending obligations to pay, we can have $350. In this way, we can look for a property that can be paid in installments and acquire it.

Once we have paid the total value of our property, we can lease it, recover our investment and earn in the medium term.

Learn more about investments in: brainly.com/question/16822436

5 0
2 years ago
Companies generate income from their "regular" operations and from things like interest on securities they hold, which is called
Gekata [30.6K]

Answer:

$1,500

Explanation:

Given that,

Sales = $9,000

Operating costs = $6,000

Depreciation = $1,500

Interest rate = 7%

Federal-plus-state income tax rate = 40%

Operating income or EBIT:

= Sales - Operating costs - Depreciation

= $9,000 - $6,000 - $1,500

= $1,500

Here, the interest rate and taxes were ignored as we want to determine the operating income or earnings before interest and taxes. Interest on bonds is a non operating income.

4 0
4 years ago
A single-phase queuing system in which each arriving customer will be served by a three-member crew has four crews with three me
Dmitrij [34]

Answer:

The number of "servers" is 12.

Explanation:

This is because, for a customer to be served by 1 3-member crew, it shows that, there a 3 servers. But, this crew of 3 servers is divided into 4 different group (4-crews), hence, the total number of servers = 12.

5 0
4 years ago
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