The Purpose of Job Analysis Include

question 12

Multiple Choice

The purpose of job analysis include..

• A) Screening resumes for minimum job requirements
• B) Interviewing the top candidates
• C) Conducting background checks on the top candidates
• D) Writing a job description
• E) None of the above answers are correct

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Definitions:

High-Low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Break-Even Point

The point at which total costs equal total revenues, indicating that a business is neither making a profit nor incurring a loss.

Contribution Margin Ratio

The contribution margin ratio is a financial metric indicating the proportion of sales revenue that exceeds variable costs and is available to cover fixed costs and generate profit.

Fixed Costs

Outlays for rent, salaries, and insurance that are unaffected by variations in the volume of production or sales.