Pre-employment assessments are always the best predictor of job success.

A local business owner is considering adding another employee to his staff in an effort to increase the number of hours the store is open per day.
a. If the employee will cost the owner $4,000 per month and the store takes in $50/hour in revenue with variable costs of $15/hour, how many hours must the new employee work for the owner to break even?
b. The employee again costs $4000 and has agreed to work 120 hours. If variable costs remain at $15/hour and revenue is uncertain with a 40% chance of being $40/hour, 35% chance of being $20/hour, and 25% chance of being $35/hour should the owner hire the employee?

Immunization of coupon-paying bonds does not imply that the portfolio manager is inactive because:
I. The portfolio must be rebalanced every time interest rates change.
II. The portfolio must be rebalanced over time even if interest rates don't change.
III. Convexity implies duration-based immunization strategies don't work.

A) I only
B) I and II only
C) II only
D) I, II, and III

North Americans value straightforwardness and are suspicious of evasiveness. These traits identify the cultural dimension of

A) individualism.
B) power distance.
C) communication style.
D) time orientation.

An example of an external user of accounting information is the federal government.

Which of the following sentences is likely to help one set one's letter apart from other application letters?

A) "I would like to apply for the position of human resources manager as advertised in the Calgary Sun."
B) "I have excellent communication and people-management skills."
C) "Please consider me for the position of human resources manager."
D) "The role of your company in promoting people-management skills in Canada is unparalleled."

In the context of managing human resources, the process of ________ creates a buffer between planning and the actual selection of new employees.

A) recruiting
B) evaluating
C) inducting
D) outsourcing
E) training