A Summary of the Knowledge,skills,and Abilities That Are Needed to Perform

question 57

Multiple Choice

A summary of the knowledge,skills,and abilities that are needed to perform a specific job is known as a job ____________.

• A) design
• B) hypothesis
• C) description
• D) specification
• E) validation

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Definitions:

Wage Flexibility

The ease with which wages can adjust to match the supply and demand for labor, helping in the correction of labor market imbalances.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, typically marked by the absence of cyclical unemployment.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and the role of government intervention in economies formed the basis of Keynesian economics.

Full Employment

A condition in the economy where all potential labor forces are utilized in the most economically effective manner.