Question : The process of systematically moving employees from one job to another is known as:
Option 1: Job rotation
Option 2: Job enlargement
Option 3: Job enrichment
Option 4: Job design
Correct Answer: Job rotation
Solution : The correct answer is (a) Job rotation
Job rotation involves the systematic movement of employees across different jobs or roles within an organization. It aims to provide employees with exposure to various tasks, functions, or departments, allowing them to gain a broader understanding and develop a wider range of skills.
With job rotation, employees are temporarily assigned to different positions or departments for a specified period. This enables them to acquire new knowledge, learn different job responsibilities, and adapt to different work environments. Job rotation can help employees develop a well-rounded skill set, increase their versatility, and enhance their potential for future growth and advancement.
Question : The process of redesigning jobs to give employees greater responsibility and opportunities for growth is known as:
Question : The process of designing jobs to fit individual capabilities is known as:
Option 1: Job analysis
Option 2: Job enrichment
Option 3: Job rotation
Option 4: Job specialization
Question : The process of systematically documenting the knowledge and skills of employees for future reference is known as:
Option 1: Succession planning
Option 2: Performance appraisal
Option 3: Job analysis
Option 4: Career development
Question : The process of transferring ownership of a financial instrument from one party to another is known as:
Option 1: Hedging
Option 2: Clearing
Option 3: Settlement
Option 4: Derivatives trading
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