Which of the Following Is a Good Definition of a Job

question 5

Multiple Choice

Which of the following is a good definition of a job family?

• A) A grouping of elements to form an identifiable work activity that is a logical and necessary step in the performance of a job
• B) A grouping of jobs, usually according to function
• C) A grouping of jobs according to generic job title or occupation
• D) A grouping of positions that are similar in their tasks and task dimension

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Definitions:

Wage Rate

The fixed amount of compensation paid to an employee by an employer in exchange for work performed, typically expressed per hour, day, or piece produced.

Monopsonistic Employer

An employer with significant market power in hiring, enabling it to set wages below competitive levels.

Demand-Enhancement Union Model

A theoretical framework suggesting that labor unions can increase the demand for the products produced by their members, not just seek higher wages.

Monopsony Power

The market power possessed by a single buyer to influence the price at which they purchase goods or services, often leading to lower prices for sellers.