A Quantitative Approach to Job Analysis Is More Suitable When

question 47

Multiple Choice

A quantitative approach to job analysis is more suitable when

• A) the aim is to assign a value to each job for comparisons for pay purposes.
• B) the organization exceeds 200 in number of staff.
• C) the organization has limited time and financial resources.
• D) the aim is to reduce the amount of data collection.
• E) the organization is using external consultants for job analysis purposes.

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Definitions:

Average Revenue

The mean amount of money earned per unit sold, calculated by dividing the total revenue by the quantity of units sold.

Marginal Revenue

The additional income gained from selling one more unit of a product.

Marginal Cost

The cost added by producing one additional unit of a product or service, which is crucial for decision-making in production and pricing.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.