Competency Modeling Is Strategically Used to __________

question 61

Multiple Choice

Competency modeling is strategically used to __________.

• A) Create awareness of the need for stability in business
• B) Enhance the skill level of the workforce
• C) Encourage employees to focus on their own jobs as much as possible
• D) None of these

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Definitions:

Comparable Work

Comparable work refers to jobs that are sufficiently similar in terms of skills, effort, responsibility, and working conditions, used often in discussions about fair wages and equal pay.

GDP

Gross Domestic Product (GDP) measures the total value of all final goods and services produced within a country's borders in a specific time period, representing the size of its economy.

Trade Deficit

A scenario in which a nation's expenditure on imported goods and services surpasses its revenue from exports, leading to a net export of the home currency to international markets.

U.S. Dollars

The official currency of the United States, represented by the symbol $.