Competencies Refer to the Complete Set of Motivations, Abilities, Role

question 158

True/False

Competencies refer to the complete set of motivations, abilities, role perceptions, and situational factors that contribute to job performance.

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Definitions:

Consumption Goods

Goods that are purchased by consumers for the purpose of consumption and not for resale.

Capital Goods

Physical assets such as buildings, machinery, and equipment used by businesses to produce goods and services.

Competitive Economy

An economic system in which businesses and individuals freely compete for consumers' money with minimal government intervention, leading to innovation and efficient market outcomes.

Homogeneous

Describes a substance or mixture that has a uniform composition and properties throughout.