A Job Description Is a Statement of the Knowledge,skills,and Abilities

question 147

True/False

A job description is a statement of the knowledge,skills,and abilities needed by the person who is to perform a job,whereas a job specification is the statement of the tasks,duties,and responsibilities of the job to be performed.

---

Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy over a given period.

Diseconomies of Scale

The phenomenon where production costs per unit increase as the scale of operation enlarges, often due to inefficiencies or increased complexity.

Constant Returns to Scale

A situation in economic production where increasing all inputs by any proportionate amount results in output increasing by the same proportion.

Long-Run Average Total Cost Curve

A graphical representation that shows the lowest possible cost at which a firm can produce any given level of output when all inputs are variable.