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.

---

Definitions:

Net Present Value

Net present value is the difference between the present value of cash inflows and outflows over a period, used to assess the profitability of an investment.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for the loans they take from the Federal Reserve's discount window.

Future Cash Flows

Future cash flows refer to the projected financial gains or expenses a business expects to receive or pay out over a specific period in the future.

Discounted Payback Period

The time required to recover the cost of an investment while considering the time value of money.