What Questions Should Be Addressed During an Internal Assessment of Positions

question 36

Essay

What questions should be addressed during an internal assessment of positions?
-What jobs now exist?
-How many individuals are performing each job?
-What are the reporting relationships of jobs?
-How essential is each job?
-What jobs can be "redesigned" or duties changed?
-What jobs will be needed to implement the organizational strategy?
-What are the characteristics of anticipated jobs?

Understand the concept of price being driven to minimum average total cost in competitive markets due to characteristics like free entry and exit.

Analyze how changes in a firm's output level affect its profitability in a competitive market.

Recognize the implications of a firm producing at a level where marginal cost exceeds or is less than marginal revenue.

Understand the impact of market conditions on a firm's decision to adjust output rather than price in a competitive price-taker market.

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Definitions:

Regions

Geographic or specified areas distinguished by natural or artificial features.

Expected Cell Count

In statistics, especially contingency table analysis or chi-square tests, it refers to the number of observations expected in a cell of a table assuming the null hypothesis is true.

Test Statistic

A standardized value used in statistical hypothesis testing to compare observed data with what is expected under the null hypothesis.

Null Hypothesis

In statistics, the null hypothesis is a general statement or default position that there is no difference or effect within a particular set of observations or experiments.