Job Description Is the Process of Determining the Skills, Abilities

question 127

True/False

Job description is the process of determining the skills, abilities, and other attributes a person needs to perform a particular job.

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Definitions:

Rational People

People who systematically and purposefully do the best they can to achieve their objectives.

At the Margin

Decision making based on the additional benefit or cost of one more unit of change, often used in economic analysis.

Opportunity Cost

The burden of passing over the next top choice in the hierarchy of options when deciding.

Average Cost

Calculated by dividing the total cost of production by the number of goods produced, representing the cost per unit.