A Job Analysis Method Is ________ If It Yields the Kind

question 20

Multiple Choice

A job analysis method is ________ if it yields the kind of information that it was designed to provide and accurately assesses each job's duties.

• A)reliable
• B)complete
• C)valid
• D)market-based

---

Definitions:

Deadweight Loss

The decrease in economic performance that happens when a good or service fails to meet or cannot attain its optimal distribution point.

Marginal Cost

The cost of producing one additional unit of a good or service, considering all variable resources used in production.

Monopolistic Competition

A type of imperfect competition such that many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.

Irrational Consumers

Refers to the idea that consumers often make decisions that deviate from the assumptions of rationality in economics, such as making impulsive or emotionally driven purchases.