Jen spends her daily income of $35 on two goods, MP3 music downloads (X) and jumbo diet sodas (Y)His budget line is 2X + Y = 35. His utility function is represented byU = x ^ 2 + y ^ 2 + 5000 Decide on Jen's optimum consumption bundle : how many MP3 music downloads she should purchase and how many diet sodas she should buy order to get maximum satisfaction?
Answers
To determine Jen's optimal consumption bundle, we need to find the combination of MP3 music downloads (X) and jumbo diet sodas (Y) that maximizes her utility function subject to her budget constraint.
We can start by rearranging the budget constraint to solve for one of the goods in terms of the other:
2X + Y = 35
Y = 35 - 2X
Now we can substitute this expression for Y into the utility function to get:
U = X^2 + (35 - 2X)^2 + 5000
Expanding and simplifying this expression gives:
U = 5X^2 - 140X + 5125
To find the optimal consumption bundle, we need to find the values of X and Y that maximize U subject to the budget constraint. One way to do this is to use the method of Lagrange multipliers.
We can set up the Lagrangian as:
L = 5X^2 - 140X + 5125 + λ(2X + Y - 35)
Taking partial derivatives with respect to X, Y, and λ and setting them equal to zero, we get:
dL/dX = 10X - 140 + 2λ = 0
dL/dY = λ = 0
dL/dλ = 2X + Y - 35 = 0
From the second equation, we get λ = 0, which means we can ignore it. Substituting this into the first equation and solving for X, we get:
10X - 140 = 0
X = 14
Substituting this value of X into the budget constraint to find Y, we get:
2X + Y = 35
2(14) + Y = 35
Y = 7
Therefore, Jen's optimal consumption bundle is to purchase 14 MP3 music downloads and 7 jumbo diet sodas in order to get maximum satisfaction given her budget constraint.
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Related Questions
Suppose a binding price floor is imposed on a market that was in equilibrium when the floor was imposed. It can be concluded with certainty that the floor will _____ the buyers of the good, everything else held constant.
Answers
If a binding price floor is imposed on a market that was in equilibrium when the floor was imposed. It can be concluded with certainty that the floor will harm the buyers of the good, everything else held constant.
A price floor is a government-imposed minimum price that must be paid for a good or service, and when it is set above the market equilibrium price, it creates a surplus. In this scenario, the price floor will increase the price of the good, leading to a decrease in quantity demanded by buyers.
This will result in a surplus of the good as suppliers will increase production to meet the floor price, but there will be fewer buyers willing to purchase it at the higher price. Consequently, buyers will face an increase in the price of the good, and they will have to pay more to acquire the same quantity of the product they were purchasing before the price floor was imposed.
Therefore, the imposition of a binding price floor will harm the buyers of the good in the market.
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Escalation of commitment can be minimized by ensuring that: A. there are ready-made alternatives to resolve the problem. B. those who choose the decision are different from those who implement and evaluate it. C. the team leader has strong opinions about the preferred options. D. organizational goals are relatively ambiguous. E. the person who makes the decision is also responsible for terminating the project.
Answers
Escalation of commitment is a miracle in which people come decreasingly committed to a decision that isn't working, frequently as a result of their own conduct so option c is correct.
To minimize escalation of commitment, brigades should insure that there are ready- made druthers to resolve the problem. This will insure that the platoon has choices and can make a timely decision rather than sticking to the same decision indeed if it isn't working. also, it's important to insure that those who choose the decision are different from those who apply and estimate it. This will help the platoon from getting too attached to the decision and enable them to estimate it objectively. Eventually, organizational pretensions should be easily defined to insure that the platoon is concentrated on the same objects and doesn't come too attached to one particular decision.
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Having the authority to define their own tasks makes it likely that workers will ______. a. be less satisfied b. abandon tasks c. be more productive d. expand lunch hours please select the best answer from the choices provided a b c d
Answers
When authority is given the role to define their own tasks, this makes it likely that workers will be more productive.
What is definition of tasks?In a formal setting, this means the role of independently setting the function of the subordinates under the hierarchy of an authority.
The likely outcome of when authority is given the role to define their own tasks is that the workers will be more productive.
Therefore, the Option C is correct.
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When people are in debt, it means there is no income
True or false?
Answers
is capital the amount of sales a business has? true or false?
Answers
Answer:
false
Explanation:
Capital refers to the resources or wealth used to start and maintain a business. It includes money and assets a business uses to produces other goods or offer services to its customers. Capital represents the owners' contribution to the business.
For an ongoing business, capital is calculated by subtracting liabilities from the assets. i.e., capital is equal to assets minus liabilities. Profits increase capital while losses decrease it.
Sales refer to money generated through a firm's trading activities. It is the money received from customers for goods sold or services rendered. Sales are often referred to as revenues.
i have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
Answers
[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -
Answers
All of your answers are correct.
The questions given and their appropriate responses can be seen below:
1. Tech Support is an example of a B2B internet service.
2. Many companies have sophisticated tracking software - Critical incident technique.
3. Reliability is not a characteristic of a service.
4. Experience qualities is the encounter between service-consumer that occurs during delivery of the service
5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.
6. Gap analysis is the measure of the difference between a customer's expectation.
7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.
8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.
9. John always takes his car to the same place for an oil change - Augmented
10. Response qualities is not a service of quality attribute.
What is Service marketing?This is defined as the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.
The answers to the questions given can be seen appropriately given above.
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At what rate per cent per annum will 4000 yield an interest of 410 in 2 years?
Answers
Answer:
5%
Explanation:
The applicable formula is A = P( 1 + r) ^ n
where A= amount: P is the principal, r, interest rate, n time
In this case,
A = principal + interest = Rs 410 { Rs 4000 + Rs410}
P= Rs 4000
r= ?
n= 2
r is?
4410 = 4000(1 + r) ^2
(1 + i)^ 2 = 4410/4000
(1 + i)^ 2 = 1.1025
1 + i = √1.1025
1 + i = 1.05
i = 1.05 - 1
i = 0.05
0.05 × 100 = 5%
Leopardstown Fitness Centre in Dublin is considering the purchase of some new training equipment which has a retail price of €8,600. The club has only €600 available to fund the purchase at this time. Following discussions with its local bank, as well as a sales representative from the suppliers, the centre is faced with the following possibilities.
Rental: Pay a monthly rental of €140 for five years, plus an annual maintenance payment of €150.
Hire purchase: Pay a deposit of €600, plus 60 monthly instalments of €150.
A final payment of €480 must then be paid.
Bank loan: Borrow the amount needed for five years on which interest is charged at a flat rate of 7% per annum.
Calculate the total cost of each option over a five-year period.
Answers
Answer:
The cost of each option is as below
Explanation:
Option A: Rental
monthly rental for five years: each month €140
Each year has a maintenance fee of €150.
The total of the rental will be monthly rent plus yearly charges.
One year has 12 months; five years will have = 12 x 5 = 60 months
For 60 months, rental payments will total 60 x €140= €8,400
Yearly charges = €140 x 5 = €700
Total for rental = €700 + €8,400
Total cost for rental = €99, 1100
Option B: Hire purchase
Total for hire purchase will be the deposit plus the total of monthly installments plus the final payment.
The deposit is €600
Total for monthly installments: 60 x €160= €9,600
the final payment is €480
Total for hire purchase= €600 + €9,600, + €480
Total cost for hire purchase=€10,680
Option Bank loan:
cost of the loan will be the principal amount plus the interest charged. Interest is 7% per year for five years. Principal amount is
€8,600
Interest = P x r x t,, since interest on a flat rate
=8600 x 7/100 x 5
=8600 x 0.07 x 5
=€3,010
The cost of the loan is €3,010+€8,600
=€11,610
lost sales and loss of business reputation are potentially significant cost that may arise from: too little inventory. too much inventory. poor maximum total ordering. poor customer service with inventory.
Answers
Too little inventory or bad maximum total ordering might result in lost revenue and a tarnished reputation for the company.
Lost sales and loss of business reputation are potential costs that may arise from too little inventory or poor maximum total ordering. When a business does not have enough inventory to meet customer demand, they risk losing sales to competitors who can provide the desired products. This can lead to a loss of revenue and a damaged reputation, as customers may view the business as unreliable or unprepared. Similarly, poor maximum total ordering can result in excess inventory that ties up resources and may eventually need to be sold at a discount or discarded, resulting in lost profits and a damaged reputation. Additionally, poor customer service with inventory, such as delayed or inaccurate order fulfillment, can also result in lost sales and a negative reputation among customers. It is important for businesses to carefully manage their inventory to avoid these potential costs and maintain a strong reputation in their industry.
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helen purchases a cup of hot cocoa from the yum yum shoppe. as helen is leaving the shop, she tries to retrieve her keys from her purse and spills the entire cup of hot cocoa on herself. the cocoa is so hot that it causes third-degree burns and puts helen in the hospital for two weeks. the yum yum shoppe has received many complaints over the years about the cocoa being too hot but ignored the complaints because most of its customers enjoy the really hot cocoa. if helen successfully sues the yum yum shoppe in a negligence action, helen could possibly receive:
Answers
If Helen successfully sues the Yum Yum Shoppe for negligence, the potential compensation she could receive would depend on the severity of her injuries and the impact on her life.
If Helen successfully sues the Yum Yum Shoppe in a negligence action, the potential compensation she could receive would depend on various factors. These include the jurisdiction, the severity of her injuries, and the impact on her life. To establish negligence, Helen would need to prove that the Yum Yum Shoppe had a duty of care, breached that duty by ignoring complaints about excessively hot cocoa, and that this breach directly caused her third-degree burns.
She would also need to demonstrate the damages she suffered, such as medical bills, pain and suffering, lost wages, and any long-term effects. If Helen proves these elements, she may be awarded compensation by the court. However, the specific amount would be determined based on the circumstances and the court's discretion. It is advisable for Helen to consult with a lawyer for accurate guidance tailored to her situation.
Therefore, If Helen successfully sues the Yum Yum Shoppe for negligence, the potential compensation she could receive would depend on the severity of her injuries and the impact on her life.
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What is the difference between a salary and an hourly wage? everfi
Answers
For jobs completed during the working day, salaries are hourly or regular payments. The key distinction between wages and hourly wages is that both the employer and the employee agree that wages are a fixed payment. On the other hand, salaries can vary based on hours worked and results.
hope that helps
Answer:
Hourly wage is the amount of currency the person is being paid each hour. Salary on the other hand is the amount of money a person is being paid yearly.
Explanation:
How would you summarize this specific course section that you have just completed? imagine you are describing it to someone and want to encourage them to take it. business foundation
Answers
You acquire information, abilities, and experience that will benefit you in both your work and general life.
What does it mean that you as a student should be aware of the course's relevance?
All students need to comprehend why a course's material important, regardless of whether they are merely studying it to fulfill a requirement or because they find it intriguing. This influences their comprehension of how this course links to other knowledge and abilities, as well as their motivation.
What factors do you consider when choosing the best course for you?
The first step in deciding which course to take is to identify your interests and hobbies, but you also need to consider what you have to offer. You must consider whether or not your abilities and expertise are relevant to the program you want to pursue before making your decision.
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Buying one movie ticket online costs $16. 50. Two tickets cost $30. 50. Assuming that the relationship is linear, use the drop down menus to complete the recursive formula, the function to represent the cost c of n tickets bought online, and the domain of the function.
Answers
There is a mathematical structure to the price of movie tickets.
The recursive formula is C(n)= C(n-1) + 14The domain of the function is [0, ∞)Recursive rule: What does it mean?The first term or terms of a sequence are provided by a recursive rule, which then demonstrates how each term connects to the term(s) that came before it using a recursive equation. Recursive descriptions are possible for sequences in mathematics and geometry, for example. Illustration of an arithmetic sequence.
In a recursive formula, any term in a series can be defined by its previous term (s). For illustration: The recursive formula for an arithmetic series is a = an-1 + d. The recursive formula for a geometric series is An = An-1r.
The parameters are as follows:
one movie ticket's price= \(a_{1}\)= 16.50
two movie tickets at the price= \(a_{2}\)= 30.50
(a) The recursive formula
Express 30.50 as 16.50 + 14
\(a_{2}\)= 16.50+ 14
Substitute 16.50 to \(a_{1}\)
\(a_{2}\)= \(a_{1}\) + 14
\(a_{2}\)= \(a_{2-1}\) + 14
\(a_{n}\)= \(a_{n-1}\) + 14
Express as a function
C(n)= C(n-1) + 14
(b) The domain
Tickets sold cannot be less than zero.
the following is the function's domain: [0, ∞)
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You are about to purchase your first house for $295,000. You have 15% of the purchase price for a down payment (5 points) and you will finance the remaining amount with a 30-year fixed mortgage with a rate of 5.5%. a. What is the amount of your monthly payment? b. Assuming all regular payments are made, what percentage of your payments made in the first 5 years will be applied to principal? c. What is the total dollar amount applied to interest after you have made your regular payments on this mortgage for 7 years? 6. Last year Jiffy Park Inc. had $177,000 of assets, $375,000 of sales, $33,000 of net income, and a debt-to-assets ratio of 40%. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $45,000. Assets, sales, and the debt ratio would not be affected. (5 points) a. How much will this cost reduction improve Jiffy Park's ROE?
Answers
a. The amount of the monthly payment for the 30-year fixed mortgage with a rate of 5.5% on a $295,000 house will be $1,674.84.
b. In the first 5 years, approximately 18.24% of the payments will be applied to principal.
c. After making regular payments on the mortgage for 7 years, the total dollar amount applied to interest will be $74,018.83.
a. To calculate the amount of the monthly payment, we can use the formula for a fixed-rate mortgage. We subtract the down payment from the purchase price to determine the loan amount, which in this case is $295,000 - 15% * $295,000 = $250,750. Then, using the loan amount, the mortgage term of 30 years, and the interest rate of 5.5%, we can calculate the monthly payment using an amortization formula or a mortgage calculator. The monthly payment will be $1,674.84.
b. In the first few years of a mortgage, a larger portion of the monthly payment is applied to interest rather than principal. To find the percentage of payments applied to principal in the first 5 years, we need to consider the amortization schedule. It varies based on the loan amount, interest rate, and term. Typically, the percentage of payments applied to principal gradually increases over time. However, without the specific amortization schedule, we cannot provide an exact percentage. It is advisable to consult the lender or use an amortization calculator to obtain accurate results.
c. After 7 years of making regular payments on the mortgage, the total dollar amount applied to interest can be calculated by multiplying the monthly payment by the number of months and subtracting the original loan amount. Using the mortgage term of 30 years and the monthly payment of $1,674.84, the total amount applied to interest after 7 years will be $74,018.83.
It's important to note that the calculations provided assume a constant interest rate throughout the mortgage term and do not consider potential changes in interest rates or any additional costs such as property taxes or insurance.
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Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?
Answers
Answer:
$18,396
Explanation:
Average sales of the store per day = $1,680
Number of days in a year = 365
Total sales in a year = $1,680 x 365 = $6132,200
Shrinkage rate = 3%
Losses for an entire year = 0.03 x $6132,200 = $18,396
_______ structures arrange people with diverse occupational specialties into formal groups based on similar products, clients, or geographic regions.
Answers
What things might limit the supply in this situation?
Answers
Price, the number of providers, the level of technology, government subsidies, climatic conditions, and the availability of labor to create the commodity are some of the variables that will affect supply.
What are the limitation of supply?Even though the price level is extremely low, the seller will attempt to sell more if he anticipates that the price of the commodity would decline in the near future. On the other hand, even if the price level is high, the seller will not make any more sales if he anticipates a future increase in the price of the product. It goes against supply-side economics.
Demand and supply analysis in the economy has its limitations. For instance, the study makes the assumption that other economic parameters will remain constant. Furthermore, it suggests that the demand and supply analysis cannot be applied to the economy if the variables are not constant.
Thus, Price, the number of providers, the level of technology, government subsidies are some of the variables that will impact supply.
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follow my grammmmmmmm
baby_syeph_1
love yaaaa
Answers
Answer:
yeah sure I'll definitely do that
Crystal Ventures Mutual Fund contains stocks and securities valued at $476 million. The fund has liabilities that total to $6.3 million and the fund has issued 31 million shares. What is the Net Asset Value?
Answers
the Net Asset Value of the Crystal Ventures Mutual Fund is $15.15 per share.
outstanding shares.
In this case, the total value of the assets is given as $476 million, and the total liabilities are $6.3 million. Therefore, the net value of the assets is:
Net Asset Value = (Total Value of Assets) - (Total Liabilities)
Net Asset Value = $476 million - $6.3 million
Net Asset Value = $469.7 million
The number of outstanding shares is given as 31 million. Therefore, the NAV of the fund is:
NAV = (Net Asset Value) / (Number of Outstanding Shares)
NAV = $469.7 million / 31 million
NAV = $15.15 per share
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program-length advertisements on television that take an educational approach to communication with potential customers are known as
Answers
An infomercial is a type of commercial that uses television programming to inform viewers about a particular product or line of items.
An infomercial is a type of television advertisement that seems like typical TV content but is actually there to advertise or sell a certain commodity, service, or concept.
Usually, a toll-free number or website is included. They are most frequently employed as a type of direct response television (DRTV), and they are frequently program-length advertisements (long-form infomercials), with an average runtime of 28:30 or 58:30 minutes. Another name for infomercials is paid programming (or teleshopping in Europe).
In the United States, infomercials were frequently shown overnight, outside of prime time (generally from 1:00 to 6:00 in the morning).
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Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web banner
Answers
Television or radio ad
Answer:
Television advertisement
Explanation:
News Paper advertisement is probably the cheapest, Web banner coming at second cheapest probably around $60-130. Radio Advertising coming at 2nd most expensive, and Television at first.
How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answers
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $203,391
Total Liabilities $124,185
Retained Earnings $31,365
Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year? Select: 1
$413,941
$319,011
$135,041
$70,641
Answers
The ending balance in Baldwin's Common Stock next year will be $80,041.
To determine the ending balance in Common Stock for the Baldwin Company next year, we need to consider the changes in net profit, dividends, and total assets.
First, let's calculate the change in retained earnings for next year. The net profit for next year is $44,200, and the dividends paid out are $12,000. Therefore, the change in retained earnings is $44,200 - $12,000 = $32,200.
Next, we need to calculate the change in total equity. Total equity is the sum of retained earnings and common stock. Currently, the retained earnings balance is $31,365.
Since total liabilities remain unchanged, we can determine the ending balance in common stock by subtracting the change in retained earnings from the total equity.
Total equity = Retained Earnings + Common Stock
Therefore, Common Stock = Total Equity - Retained Earnings
Substituting the values we have:
Common Stock = Total Assets - Total Liabilities - Retained Earnings
= $203,391 - $124,185 - $31,365
= $47,841
Now, to calculate the ending balance in Common Stock for next year, we need to add the change in retained earnings to the current Common Stock balance.
Ending Balance in Common Stock = Common Stock (currently) + Change in Retained Earnings
= $47,841 + $32,200
= $80,041
Therefore, the ending balance in Baldwin's Common Stock next year will be $80,041.
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the money represents the
Answers
Answer:
maximum
Explanation:
A one dollar increase in the monetary base causes the money supply to increase by more than one dollar. This increase in the money supply is the money multiplier.
The money multiplier represents the maximum extent to which the money supply is affected by any change in the amount of deposits
Which one of the following is not an integral part of the managerial process of crafting and executing strategy?
a. Developing a strategic vision
b. Choosing a strategic intent
c. Setting objectives and crafting a strategy to achieve them
d. Evaluating performance and initiating corrective adjustments in the company's long-term direction, objectives, strategy, or execution in light of actual experience, changing conditions, new ideas, and new opportunities
e. Implementing and executing the chosen strategy efficiently and effectively
Answers
Developing a strategic vision one of the following is not an integral part of the managerial process of crafting and executing strategy.
Option A is correct.
What is a strategy for execution?The process of carrying out a business or organization's strategic plan in an effort to achieve its objectives is referred to as strategy execution. It involves daily structures, operational goals, and systems that prepare individuals tasked with particular responsibilities in an organization for success.
Why is strategy execution important?The process of putting a company's strategic plan into action to get the results it wants is called strategy execution. It is an essential step in the process of strategic planning and can determine success or failure.
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what are the importance of a scale ?
Answers
Answer:
The importance of scale is given below.
Explanation:
Scale becomes making it more effective also because of the severity of the challenges faced throughout environments including certain reducing inequality, the community, gender inequality as well as infrastructure need on-scale approaches. They are therefore merge-border in natural surroundings and therefore not based exclusively towards one venue.One benifit of specialization is that it
Answers
An important benefit of specialization is the improvement of human capital, which helps to gain competitive advantage.
What is competitive advantage?It corresponds to the fact that a company is the first option for potential consumers when they want to purchase a good or service, giving these companies advantages over their competitors.
Therefore, the specialization of employees generates a more accurate knowledge, increasing the level of effectiveness in the operational systems and continuous improvement that leads to the positioning in the market.
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Which statement best describes how you use email?
A. I get a lot of emails but I don't usually respond.
B. I write emails for personal use often but little for work or school.
C. I use email as my main source of work or school communication and but not for personal use.
D. I use emails for all my communication; work, school, and personal use.
E. I haven't used email yet.
Answers
if anything it will be d
The _______ describes the personal requirements you expect from an employee and can include educational requirements and specialized skills needed. Question 14 options: job analysis job specification job description screening tool
Answers
Definition of Job Specification: a written statement of educational qualifications, specific qualities, level of experience, physical, emotional, technical and communication skills required to perform a job, responsibilities involved in a job and other unusual sensory demands.
The job description describes the personal requirements you expect from an employee and can include educational requirements and specialized skills needed. The correct option is c.
What is a job description?A job description is a useful, plain-language tool that explains the tasks, duties, functions and responsibilities of a position. It details who performs a specific type of work, how that work is to be completed, and the frequency and purpose of the work as it relates to the organization's mission and goals.
Job descriptions are used for a variety of reasons, such as determining salary levels, conducting performance reviews, clarifying missions, establishing titles and pay grades, creating reasonable accommodation controls, and as a tool for recruiting. Job descriptions are useful in career planning, offering training exercises and establishing legal requirements for compliance purposes.
A job description gives an employee a clear and concise resource to be used as a guide for job performance.
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