When Creating a Job Description, the HR Manager May Include

question 220

Multiple Choice

When creating a job description, the HR manager may include

• A) the minimum qualifications for the position.
• B) the number of unpaid leave days the employee can take while at this position.
• C) the specific responsibilities of the job.
• D) a prediction of the number of similar positions that the company will need during the next two to five years.

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Definitions:

Perfect Competitor

A theoretical market structure where numerous small firms produce identical products, allowing no single firm to affect the market price.

Long Run

In economics, this term describes a period in which all factors of production and costs are variable, allowing full adjustment to any change.

Total Profit

The financial gain made after subtracting all expenses from total revenue.

Profit-Maximizing

A strategy or process employed by businesses to determine the price and output level that returns the highest profit.