Implementing a Job-Design Strategy of Job Simplification Usually Increases Operating

question 121

True/False

Implementing a job-design strategy of job simplification usually increases operating efficiency by reducing the number of skills required to do a job, and thereby keeps the needs for job training to a minimum and emphasizing the accomplishment of repetitive tasks.

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Definitions:

Equal Installments

Equal installments refer to payments of the same amount made periodically over the term of a loan or financing agreement.

Interest

The charge for borrowing money or the return on invested capital.

Nominal Annual Rate

The stated or face interest rate of a financial product, not adjusting for compounding or inflation over time.

Effective Annual Rate

This is the interest rate on an investment or loan that accounts for the effects of compounding over a given period, providing a more accurate picture of financial returns or costs.