The Process of Generating a Description of What a Job

question 15

Multiple Choice

The process of generating a description of what a job involves, including the knowledge and skills that are necessary to carry out the functions of the job, is called a

• A) job evaluation.
• B) job analysis.
• C) KSOA.
• D) performance appraisal.

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Definitions:

Opportunity Costs

The cost of choosing one option over another, represented by the value of the opportunities or benefits the second-best choice would have provided.

Aggregate Demand

The total demand for goods and services within a particular market or economy at a given overall price level and in a given time period.

Full Employment

A situation where all available labor resources are being used in the most economically efficient way.

Ppf (Production Possibility Frontier)

A curve depicting the maximum possible output of two goods or services that can be produced with a fixed set of resources and technology, assuming all resources are fully employed.