Which of the Following Is a Difference Between a Job

question 14

Multiple Choice

Which of the following is a difference between a job description and job specifications?

• A) A job description might include the education and experience required for a job, whereas job specifications might include the responsibilities for a specific position.
• B) A job description is quantitative, whereas job specifications are qualitative.
• C) A job description defines the jobholder's responsibilities, whereas job specifications define the qualifications necessary to do a job.
• D) A job description is informal in nature, whereas job specifications are formal in nature.

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Definitions:

Dollar Exposure

The extent to which a company or investment is affected by changes in the US dollar value, particularly in foreign exchange risk.

Call Delta

A measure of the sensitivity of an option's price to a change in the price of the underlying asset.

Volatility Risk

The risk in the value of options portfolios due to unpredictable changes in the volatility of the underlying asset.

Hedge Ratio

A ratio used to measure the proportion of a position that is hedged or the amount of assets used to hedge a risk exposure.