An Explanation of What Work the Salesperson Will Do and Under

question 25

Multiple Choice

An explanation of what work the salesperson will do and under what conditions the work will be performed is called a:

• A)job description.
• B)a work report.
• C)performance evaluation.
• D)MBO.
• E)contract.

---

Definitions:

Specialize

Concentrating on and becoming expert in a particular subject or skill.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Production Possibilities Line

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Trading Possibilities Line

A graphical representation showing the combinations of goods that a country can produce or trade given the resource constraints and technology.