Describing the Job in Terms of the Measurable, Observable, and Behavioral

question 6

Multiple Choice

Describing the job in terms of the measurable, observable, and behavioral competencies necessary for good job performance is called a .

• A)competency-based job analysis
• B)SOC classification system
• C)Department of Labor Procedure
• D)functional job analysis
• E)none of the above

---

Definitions:

Producer Surplus

Producer Surplus is the difference between what producers are willing to sell a good for and the actual price they receive, representing profit.

Equilibrium

A state in a market where supply equals demand, meaning there is no excess of goods or shortage, and prices are stable.

Market

A system or arena where buyers and sellers interact to trade goods, services, or resources, often determined by supply and demand dynamics.

S And D

Stands for Supply and Demand, fundamental concepts in economics representing the relationship between the quantity of a commodity available and the market's desire for it, determining its price.