Which of the Following Administrative Tools Is Used by Organizations

question 26

Multiple Choice

Which of the following administrative tools is used by organizations to design job structures?

• A)Job rotation
• B)Job evaluation
• C)Market pay survey
• D)Job description
• E)Job specification

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Definitions:

Value Added

Describes the additional worth created at each stage of production or distribution, calculated as the difference between the cost of inputs and the price of outputs.

Transaction Costs

Expenses incurred during the process of buying or selling goods or services, not including the price of the products themselves.

Product Manufactured

Goods that have been created through a process of transformation from raw materials to finished items.

Net Exports

The value of a country's total exports minus its total imports.