Which Term Refers to the Specification of Jobs to Be

question 38

Multiple Choice

Which term refers to the specification of jobs to be done within an organization and the ways in which those jobs relate to one another?

• A) delegation
• B) a mission statement
• C) job specialization
• D) role responsibility
• E) organizational structure

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Definitions:

401(k) Plan

A retirement savings plan sponsored by an employer which allows employees to save and invest a portion of their paycheck before taxes are taken out.

Downside Risks

Potential negative outcomes or losses that may occur as a result of an investment or decision.

401(k)s

Tax-advantaged, employer-sponsored retirement saving plans that allow employees to save a portion of their paycheck before taxes are taken out.

Defined Benefit Plan

A retirement plan where employee benefits are computed using a formula that considers factors such as salary history and duration of employment, with employer contributions funding the benefits.