A Job Contains High Task Significance When the

question 46

Multiple Choice

A job contains high task significance when the

• A) work output touches the lives of many people.
• B) work output earns a profit for the firm.
• C) job holder has varied working hours.
• D) job holder receives frequent feedback from the boss.

---

Definitions:

Acceptable Price

The price at which a consumer is willing to purchase a product or service, often considered fair by both the buyer and the seller.

Willing To Pay

The maximum amount an individual or entity is ready to spend to acquire a good or service or to avoid something undesirable.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Economically Desirable

Characteristics or actions that are considered beneficial for the economy, potentially enhancing efficiency or growth.