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Detailed, Written Job Descriptions Can Fail to Maintain Their Relevance

question 2

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Detailed, written job descriptions can fail to maintain their relevance over time, as jobs change rapidly in today's dynamic, global economy. What reasons does the text suggest for this failure?


Definitions:

Internal Rate

Often refers to the internal rate of return (IRR), which is a discount rate that makes the net present value of all cash flows from a particular project equal to zero.

Return

The amount of profit or loss gained from an investment relative to its initial cost.

Project A

Not a definitive key term without additional context; it likely refers to a specific, named project within a given context. NO.

Net Present Value

The gap between how much cash comes in and goes out, measured in present value terms, during a certain period.

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