Define what is meant by reliability, validity, and utility in the employment selection context.
What will be an ideal response?
Reliability is the extent to which a measurement is free from random error. A reliable measurement therefore generates consistent results. Validity is the extent to which performance on a measure (such as a test score) is related to what the measure is designed to assess (such as job performance). Utility indicates that the selection methods provide economic value greater than the cost of using them.
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The trade model of the Swedish economists Heckscher and Ohlin maintains that
a. absolute advantage determines the distribution of the gains from trade. b. comparative advantage determines the distribution of the gains from trade. c. the division of labor is limited by the size of the world market. d. a country exports goods for which its resource endowments are most suited.
Goals of ERP include all of the following except
a. improved customer service b. improvements of legacy systems c. reduced production time d. increased production
What was the adjusted book balance?
The following information is needed to reconcile the cash balance for Discount Dry Cleaning Company. * A deposit of $5,600 is in transit. * Outstanding checks total $1,400. * The book balance is $6,000 at February 28, 2019. * The bookkeeper recorded a $1,600 check as $17,400 in payment of the current month's rent. * The bank balance at February 28, 2019 was $17,130. * A deposit of $300 was credited by the bank for $3,000. * A customer's check for $3,100 was returned for nonsufficient funds. * The bank service charge is $70. A) $18,700 B) $17,200 C) $18,630 D) $18,770
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory180 units @ $13 5Purchase235 units @ $15 10Sales 155 units @ $2315Purchase115 units @ $16 24Sales 105 units @ $24
A. $3700 B. $7705 C. $4005 D. $3540 E. $4165