Which of the Following Terms Refers to Assessing the Sets

question 16

Multiple Choice

Which of the following terms refers to assessing the sets of skills and knowledge employees need to be successful, particularly for decision-oriented and knowledge-intensive jobs?

• A) individual assessment
• B) competency assessment
• C) organizational assessment
• D) job assessment

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Definitions:

Consumer Surplus

The distinction between the total cost consumers are willing to offer for a good or service and the amount they eventually pay.

Surplus II

An excess amount of a product or resource compared to the demand, often resulting in lower prices.

Surplus III

An excess of production or supply over demand, often referring to goods in a market that exceed buyer requirements.

Consumer Surplus

The distinction between the price consumers are inclined to pay for a product or service and what they ultimately pay.