Which of the Following Is a Disadvantage of Relying Only

question 127

Multiple Choice

Which of the following is a disadvantage of relying only on interviews with incumbents for job analysis information?

• A) They lack familiarity with the job.
• B) They don't understand the qualitative data associated with the job.
• C) They may exaggerate their job duties.
• D) They are unable to understand safety issues associated with the job.
• E) The method is highly complex and requires significant time and resources.

---

Definitions:

Herfindahl Index

A measure used to calculate the concentration of market power within an industry, determined by summing the squares of the market share percentages held by each firm within the market.

Four-Firm Concentration Ratio

A measure of market concentration, calculated as the percentage of total market sales accounted for by the four largest firms in an industry.

Four-Firm Concentration Ratio

The four-firm concentration ratio is a measure of market concentration, calculated by the combined market share of the four largest firms within an industry, indicating the level of competition.

Herfindahl Index

A measure of market concentration used to evaluate the level of competition within an industry.