Which Statement Is True Regarding Trends in Job Analysis

question 6

Multiple Choice

Which statement is true regarding trends in job analysis?

• A) Errors in job analysis have multiple sources, but most result from outdated job descriptions.
• B) Today's workplace is more or less inflexible and is not constantly subject to change.
• C) People imagine jobs to be unstable, whereas jobs actually do not change or evolve over time.
• D) Changes in jobs occur only when there is a change in the descriptions of jobs.
• E) Steve's argument is incorrect because new jobs do not have job descriptions.

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Definitions:

Short-Run Equilibrium

The state in a market where supply equals demand within a limited time frame, before any long-term adjustments take place.

Long-Run Equilibrium

A state in which all factors of production and outputs are optimal, allowing for all economic agents to have no incentive to change their behavior.

MC

A term often short for Marginal Cost, which is the cost added by producing one additional unit of a product or service.

MR

Short for Marginal Revenue, which is the additional income earned by selling one more unit of a product or service.