Job Analyses, Job Descriptions, and Job Specifications Help Companies Meet

question 67

True/False

Job analyses, job descriptions, and job specifications help companies meet the legal requirement that their human resource decisions be job-related.

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Definitions:

Positive Feedback

Put simply, success breeds success, failure breeds failure; the effect is seen with goods that are subject to network externalities.

Marginal Social Benefits

The additional benefits to society as a whole from producing one more unit of a good or service.

Socially Optimal Level

The level of output or activity where the benefits to society are maximized, taking into account both private and external costs and benefits.

Marginal Private Benefits

The additional satisfaction or utility gained by a consumer or firm from consuming or producing one more unit of a good.