A Job Description Is Compared to Class Descriptions

question 35

Multiple Choice

A job description is compared to class descriptions.This describes the _____ method of job evaluation.

• A) position analysis questionnaire
• B) point
• C) Hay Guide Chart-Profile
• D) classification

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Definitions:

Physical Capital

Refers to tangible assets used in the production of goods and services, such as machinery, buildings, and tools.

Productivity

The measure of the efficiency of production, often defined as the ratio of output to inputs in the production process.

Constant Returns To Scale

A situation in production where an increase in the input of resources leads to a proportionate increase in output, resulting in no change in average costs.

Production Function

The relationship between the quantity of inputs used to make a good and the quantity of output of that good.