A Job Specification Is a Statement of the Job Itself

question 37

True/False

A job specification is a statement of the job itself, while a job description is a statement about the person who does the job.

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Definitions:

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Marginal Utility

The additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.

Additional Utility

The extra satisfaction or pleasure a person receives from consuming an additional unit of a good or service.

Additional Utility

The extra satisfaction or pleasure a consumer gains from consuming an additional unit of a good or service, also known as marginal utility.