The Process for Making Non-Routine Operating Decisions

question 144

Multiple Choice

The process for making non-routine operating decisions:

• A) Requires the use of relevant costs/revenues
• B) Involves qualitative techniques only
• C) Incorporates the time value of money
• D) Disregards qualitative factors

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Definitions:

Job Analyst

A professional who studies job requirements and duties to define the skills needed and to inform job descriptions and classifications.

Critical Incidents

Specific events or situations that significantly impact an individual or organization, requiring an immediate and effective response to mitigate negative effects.

Appraisal Instruments

Tools or methods used to evaluate an employee's performance, skills, and productivity, typically for the purpose of making decisions about promotions, pay raises, and development.

Standardized Job-Analysis

A methodical process for determining the tasks, skills, knowledge, and abilities required for a job using consistent procedures.