What Are Some Examples of Job Information That Is Collected

question 84

Multiple Choice

What are some examples of job information that is collected during a job analysis?

• A) wage rate and bonuses, education level, job satisfaction
• B) tasks, responsibilities, experience required, performance standards
• C) employee engagement, on-the-job training requirements, employee expectations
• D) working conditions, injury reports, safety concerns and violations

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Definitions:

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a specific price level.

Quantity Supplied

The volume of a good or service available for sale from suppliers at a certain cost.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from prices that are deemed too high.

Shortage/Surplus

A shortage occurs when the demand for a good exceeds its supply at a particular price, while a surplus occurs when the supply of a good exceeds demand at a particular price.