Four cost concepts are important in pricing decisions: total cost, variable cost, unit variable cost, and

The four cost concepts are: total cost, variable pay, unit cost, marginal cost

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.