A flow shows change during a period of time whereas a stock indicates the quantity of a variable at a point of time. Thus, wealth is a stock since it can be measured at a point of time, but income is a flow because it can be measured over a period of time.
What is the difference between a stock and a flow?
Namely, all economic and financial terms can be classified as either stock or flow. The most significant difference lies in the units of measurement. A stock is measured at one specific time, and represents all the quantity, which has been accumulated in the past and it exists at a certain point in time, let’s say December 31, 2018.
What is the difference between stock and balance sheet?
It’s the distinction between balance sheet (stock) and income statement (flow) items. The latter describe the changes in the former. So when you get your bank statement, there is a list of credits and debits, with a running account balance. The balance, how much cash you have, is stock.
What is the difference between cash and stock?
The balance, how much cash you have, is stock. The income and expenditures that change this balance are the flows. So if you had a million in the bank but spent 2,000 more than you earn every month, the bank - looking at stock - might reckon you were a safe credit.
Is income a flow variable or stock variable?
Therefore, we can conclude that income is considered as a flow variable. In the table below are summarized the main characteristics of stock and flow that can easily help you to make difference between them.
What is race norming quizlet?
Race norming is the practice of ranking test scores of minorities separately from non-minorities and of choosing high scores within each group in order in order to create or maintain a more diverse workforce.
Which of the following is the main purpose of selection?
The purpose of selection is to choose the most suitable candidate, who can meet the requirements of the jobs in an organization, who will be a successful applicant.
Which of the following federal government agencies is charged with enforcing title VII of the Civil Rights Act of 1964 quizlet?
U.S. laws, equal employment laws in other countries may differ. Agency of the Department of Justice charged with enforcing Title VII of the Civil Rights Act of 1964 and other anti discrimination laws.
What is the term for establishing different cutoff scores on an employment test for different racial groups quizlet?
Race Norming - prohibits race norming, which refers to adjusting test scores, using different cut-off scores, or altering the results of employment-related tests on the basis of race, religion, sex or national origin of test takers.
Why is selection called as negative process?
Selection is called a negative process in Business as more candidates who apply for employment are rejected than employed. That is why Selection is called a negative process.
What are the most important factors involved in the selection decision?
Seven factors affecting the outcomes of your selection processThe recruitment campaign. ... The geographic location of candidates. ... The literacy skills of the candidates. ... The number of candidates applying for a position. ... The correct use of assessment. ... Attractiveness of the position. ... The selection process itself.
What is the major difference between stock and flow statistics quizlet?
Stock statistics compare groups at one point in time. Flow statistics compare proportions taken at two points in time.
What was the main purpose of Title VII?
Title VII prohibits employment discrimination based on race, color, religion, sex and national origin.
When EEOC regulations conflict with state or local civil rights regulations which will be followed?
22) When EEOC regulations conflict with state or local civil rights regulations, which will be followed? Explanation: Numerous state and local laws also affect equal employment opportunity.
What are two major ways in which concurrent validation differs from predictive validation?
Concurrent validation differs from predictive validation in that concurrent validation involves: A) collecting data from job incumbents. B) computing a validity coefficient between the predictor and criterion score.
Which of the following is an assumption of the multiple cutoffs selection decision making model?
Which of the following is an assumption of the multiple cutoffs selection decision making model? A minimum amount of each predictor attribute is necessary for successful job performance.
What is the four fifths rule?
The Four-Fifths rule states that if the selection rate for a certain group is less than 80 percent of that of the group with the highest selection rate, there is adverse impact on that group.