Which of the Following Statements About the Competency Model Is/are

question 3

Multiple Choice

Which of the following statements about the competency model is/are true?

• A)It differentiates high performers from low performers.
• B)It can include items such as "tenacity."
• C)It facilitates career planning.
• D)A and B statements are true.
• E)All of the above statements are true.

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Definitions:

Inelastic

A characteristic of demand when consumers' purchase quantities are not significantly affected by changes in the price of a good or service.

Good Substitutes

Products or services that can be used in place of one another, satisfying the same needs or wants of the consumer.

Elastic

Describes demand or supply that is highly sensitive to changes in price; a small change in price leads to a large change in the quantity demanded or supplied.

Perfectly Inelastic

Describing a situation where demand or supply does not change in response to changes in price.