Which of the Following Statements Is a Characteristic of Work

question 13

Multiple Choice

Which of the following statements is a characteristic of work simulations?

• A) Work simulations are weakly related to on-the-job performance.
• B) Work simulations may be expensive to develop.
• C) Lower fidelity simulations are more effective than higher fidelity simulations.
• D) Work simulations are similar to job knowledge tests in that they both require written responses to a job knowledge test.

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Definitions:

Perfectly Inelastic

Describes a situation where the demand for a good does not change in response to a change in price.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, defined as the percentage change in quantity demanded divided by the percentage change in price.

Demand Curve

A diagram displaying the connection between a product or service's price and the amount requested over a specified timeframe.

Price Elasticity

A gauge of the responsiveness of the amount of a product desired to alterations in its cost, reflecting demand's sensitivity to changes in price.