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Competencies Are Observable Only When Individuals Are Carrying Out the Tasks,duties,and

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Competencies are observable only when individuals are carrying out the tasks,duties,and responsibilities of the job-and afterward,if they show the product of their labour.


Definitions:

Desired Rate

An expected or targeted rate of return or interest rate that an individual or company aims to achieve on investments or projects.

Average Rate of Return

A profitability gauge for investments, determined by dividing the initial investment cost into the average yearly profit.

Present Value Factor

A factor used to calculate the present value of a cash flow to be received in the future.

Cash Payback Period

The period of time required for the return on an investment to "repay" the original capital cost of the investment.

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