A Competency Is ________

question 19

Multiple Choice

A competency is ________.

• A) a type of behavior that is observed on the job
• B) an underlying characteristic of an individual that contributes to job or role performance
• C) a latent component of the job characteristics matrix
• D) a compilation of the tasks, duties, and responsibilities that make up a job

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Definitions:

Interest-Rate Cost

The cost incurred by an individual or entity due to borrowing funds, determined by the rate of interest on the borrowed amount.

Marginal Utility

The additional enjoyment or gain achieved by consuming another unit of a good or service.

Total Utility

The total satisfaction or benefit derived from consuming a given quantity of goods or services.

Budget

An estimate of income and expenditure for a set period of time, often used by governments, businesses, and individuals to allocate resources.