Discuss the importance of reliability and validity in the selection process
What will be an ideal response?
Valid and reliable selection techniques help reduce the proportion of errors and increase the proportion of correct hiring decisions. Validity is how well a technique used to assess candidates is related to performance on the job. A technique that is not job-related is useless and illegal if it results in discrimination. Reliability is the consistency of results. It is an indicator of how much random error there is in the measure being used.
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A borrower would MOST LIKELY obtain the lowest monthly payment on which of the following loans:
A. 9% interest rate and a 29 year term. B. 8% interest rate and a 20 year term. C. 8% interest rate and a 25 year term. D. 9% interest rate and a 25 years term.
The set of brands a consumer knows about but has neither positive nor negative feelings for is the:
A) inept set B) inert set C) cognitive set D) evoked set