The Main Reason That More Intelligent Employees Perform Their Jobs

question 16

Multiple Choice

The main reason that more intelligent employees perform their jobs better is that they

• A) make fewer mistakes overall.
• B) learn their jobs quicker.
• C) are easier to train than others.
• D) already know the new job demands.

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Definitions:

Equilibrium Quantity

The amount of products or services available and sought after at the equilibrium price, where the supply meets the demand.

Price Floor

A government or regulatory-imposed minimum price for goods or services, intended to prevent prices from dropping too low.

Shortage

A circumstance in which the market desire for a service or product is greater than the supply.

Surplus

The situation in which the quantity supplied of a product exceeds the quantity demanded, often leading to price decreases.