Which of the Following Best Defines Competence

question 51

Multiple Choice

Which of the following best defines competence?

• A)It is a fit between work roles and employees' values and beliefs.
• B)It is the belief that one has the ability to do a job well.
• C)It is the belief that one's job makes a difference within an organization.
• D)It is having control over the way one does work.

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Definitions:

Pricing Strategies

Plans or methods used by businesses to set prices for their products or services in order to maximize profitability and market share.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit which leads to price taking behavior.

Barriers To Entry

Elements that obstruct or impede the ability of businesses to penetrate a particular market or sector.

Elasticity Coefficient

The elasticity coefficient measures how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price, income, or the price of related goods.