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KSAOs Constitute the Knowledge, _____, Abilities, and Other Characteristics Needed

question 120

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KSAOs constitute the knowledge, _____, abilities, and other characteristics needed for a job.


Definitions:

Market Price

The actual selling price of a good or service in the market at which it can be bought or sold.

Surplus

The amount by which quantity supplied exceeds quantity demanded, often resulting in excess goods and a decrease in prices.

Shortage

A situation in which demand for a good or service exceeds its supply in a market.

Equilibrium

Equilibrium is the state in a market where the quantity supplied equals the quantity demanded, resulting in market stability and no incentive for price changes.

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