Briefly explain any three types of written tests that are typically used in the employee selection process
What will be an ideal response?
Typical written tests include tests of intelligence or cognitive ability tests, personality tests, integrity tests, and interest inventories.
a) Tests in intellectual ability, spatial and mechanical ability, perceptual accuracy, and motor ability have proven to be valid predictors for many skilled, semiskilled, and unskilled operative jobs in industrial organizations. Intelligence tests have proven to be particularly good predictors for jobs that require cognitive complexity.
b) Personality tests are relatively inexpensive and simple to use and administer. Organizations use numerous measures of the Big Five traits in selection decisions.
c) As ethical problems have increased in organizations, integrity tests have gained popularity. These are paper-and-pencil tests that measure factors such as dependability, carefulness, responsibility, and honesty.
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Yield management systems encourage airline companies to ignore the importance of demand and decide to price their products largely or solely on the basis of costs.
Indicate whether the statement is true or false.
The Johnson family is very conservative financially. They have a retirement plan where John works and share a joint checking account at their bank. They keep a lot of money in their checking account to cover short-term needs and emergencies. Both of them want to step up to a higher interest rate than a checking or savings account pays, and at the same time stay with their bank. Which of the following is not an advantage of a CD as a cash management alternative for John and Maile?
A) High interest rate B) Fixed rate of interest C) It is insured. D) Pays money market interest rates E) Lends itself well to automated payroll deduction plan