Which of the Following Defines Job Posting

question 9

Multiple Choice

Which of the following defines job posting?

• A) It is a planned sequence of jobs through which employees may advance within an organization.
• B) It is a procedure for advertising job openings within a company to existing employees.
• C) It is a written description of the basic tasks, duties, and responsibilities required of an employee holding a particular job.
• D) It is a purposeful, systematic process for collecting information on the important work-related aspects of a job.

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Definitions:

Productive Efficiency

A situation where a firm or economy produces output at the lowest possible cost, using all its resources efficiently.

Pure Competition

A market structure characterized by a large number of small firms, a homogenous product, and very easy entry and exit from the market.

Spillovers

Effects of an economic activity that impact third parties who are not directly involved in the activity, potentially leading to externalities.

Marginal Cost

The added cost incurred from the production of an extra unit of output.