A Written Statement of What a Jobholder Does,how the Job

question 31

Multiple Choice

A written statement of what a jobholder does,how the job is done,and why it is done is called a ________.

• A)job specification
• B)work standard
• C)job classification
• D)chain of command
• E)job description

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Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Variable Cost

Costs that change in proportion to the level of production or sales, such as materials and labor directly involved in manufacturing.

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good or service.

Fixed Input

An input whose quantity is constant and cannot be changed in the short run.