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Consider the accompanying figure to answer the following questions.
-When a positive externality exists,which point best identifies the social optimum?
Job Analysis
The process of gathering, documenting, and analyzing information about job responsibilities, necessary skills, outcomes, and the environment of a particular occupation.
Performance Appraisal
A systematic evaluation process by which the performance of an employee is documented and assessed, often influencing their career development and compensation.
Specific Performance Criteria
Detailed and explicit standards used to evaluate an individual's job performance against defined objectives.
Feedback
Information that helps evaluate the success or failure of an action or system.
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