Discuss the Relative Advantages and Disadvantages of Using Futures Versus

question 51

Essay

Discuss the relative advantages and disadvantages of using futures versus forward contracts.

Understand the challenges and disadvantages of direct observation as a job analysis method.

Acquire knowledge about sources of job and performance-related information, both human and nonhuman.

Discover the considerations and methods for designing jobs that improve work life and organizational productivity.

Interpret the role of job analysis in Human Resource Management activities such as performance management and career development.

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Definitions:

Encoded

The process by which information is transformed into a format that can be stored and used in memory.

Explicit Memory

Memory of facts and experiences that one can consciously know and “declare.” (Also called declarative memory.)

Iconic Memory

A type of visual sensory memory that holds a brief photographic image of a scene that has just been observed, for a very short period.

Sensory

Related to or involving the organs or processes responsible for receiving and interpreting stimuli from the outside world.