The inter v is the most widely used personnel selection procedure. Select one: True False
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
An interview is a selection procedure designed to predict future job performance on the basis of applicants' oral responses to oral inquiries.
It is useful in determining whether the applicant has required communicative or social skills which may be necessary for the job. It allows the applicant to ask questions that may reveal additional information useful for making a selection decision. Also the interview may be modified as needed to gather important information.
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