The Difference Between Job Specifications and Job Descriptions Is That

question 99

Multiple Choice

The difference between job specifications and job descriptions is that job specifications primarily describe the:

• A) list of the tasks and responsibilities that the job entails.
• B) observable actions that comprise the various job demands.
• C) steps involved in getting detailed information about a job.
• D) details of payment associated with the tasks involved.
• E) qualities a person performing the job must possess.

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Definitions:

Ordinary Annuity

A financial product where payments are made at the end of each period for a fixed amount of time.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, often used in the discounting of future income streams or liabilities.

Compounded Annually

Interest that is calculated once a year and added to the principal, meaning each year's interest earns interest in subsequent years.

CIFP Course Materials

Educational resources and texts provided for the Certified Islamic Finance Professional (CIFP) program, covering Islamic financial principles and practices.