Information Regarding Job-Related Knowledge or Skills and Required Personal Attributes

question 27

Multiple Choice

Information regarding job-related knowledge or skills and required personal attributes is included in the information about an HR specialist may collect during a job analysis.

• A)human requirements
• B)job context
• C)performance standards
• D)human behaviors
• E)work activities

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Definitions:

Price Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes minimally in response to price changes.

Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price, income level, or other factors.

Elasticity of Supply

Elasticity of supply measures the responsiveness of the quantity supplied of a good or service to a change in its price.

Shifting Resources

The reallocation of resources from one use to another, often in response to changing economic conditions or priorities.