Which of the Following Statements Is True of Competency Models

question 34

Multiple Choice

Which of the following statements is true of competency models?

• A) They are not useful for recruitment and selection.
• B) They fail to identify the best employees to fill open positions.
• C) They cannot be used for performance management.
• D) Traditionally, needs assessment failed to focus on competencies

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Definitions:

Market Price

The ongoing price level for an asset or service that can be traded or acquired in a market setting.

Profit-Maximizing Output

The quantity of goods or services that yields the highest profit for a firm, determined by analyzing costs and revenues.

Sergei's Total Cost

A term representing a specific individual's total incurred costs; not a standard economic concept without additional context.

Market Price

The actual selling price of goods and services in the marketplace, determined by supply and demand forces.