What Does Skill Variety Refer To

question 96

Multiple Choice

What does skill variety refer to?

• A)The extent to which a job requires an individual to perform a wide range of tasks on the job
• B)The extent to which a job requires an individual to use a variety of different skills to perform a job
• C)The extent to which a job involves performing specialized tasks or possessing specialized knowledge and skill
• D)The extent to which the tasks on a job are complex and difficult to perform
• E)The extent to which a job requires an individual to learn to perform a variety of tasks

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Definitions:

Endowment Effect

The tendency for people to value something more highly simply because they own it.

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors affect the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

Availability Heuristic

An intellectual simplification employed when the examples readily thought of are used to assess a particular matter, notion, method, or judgement.

Time Inconsistency

is a situation where a person's preferences change over time, such that what they choose today may differ from what they will choose in the future, often leading to decision-making challenges.