Magnadyne Inc.has an immediate need for accountants and does not have sufficient funds to invest in training.Hence,hiring for best existing qualifications,rather than the best person,should be preferred.

Question

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The statement suggests that Magnadyne Inc. needs accountants urgently and cannot afford to spend resources on training. Therefore, hiring individuals with the best qualifications available seems to be the best option. This indicates that hiring for the best qualifications rather than the “best person” would be preferred.