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The various armed forces adopted all of those aspects in 1976. At that point in time, the test was in its written form rather than today’s more common form (computerized test format). The written form covers all of the previously mentioned areas as well, which is why both forms are still available. All-in-all that answers the question concerning the intention of the test.
The President of the United States is the Commander in Chief, who is responsible for all final decisions. The Secretary of the Department of Defense (DoD) has control over the military and each branch - except the Coast Guard, which is under the Dept. of Homeland Security. With over 2 million civilian and military employees, the DoD is the world's largest "company."
One ASVAB sub-measure, the Armed Forces Qualification Test (AFQT)--which is just a separate analysis of the same tests that focuses only on four of the subtests--is also population-referenced, but its score from 1-99 is a percentile score. This means that if you score a 73, you scored as well as or higher than 73% of test-takers in the national sample.