What Approaches Are Organizations Taking to Deal with a Possible

question 63

Multiple Choice

What approaches are organizations taking to deal with a possible labour shortage, especially in key skill areas?

• A) providing non-cash benefits
• B) providing training to employees to upgrade their skills
• C) recruiting from abroad
• D) visiting trade schools to meet with potential job candidates

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Definitions:

Project Analysis

The evaluation of the viability, stability, and profitability of a project through methods like cost-benefit analysis and risk assessment.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's cost.

Required Return

The minimum rate of return on an investment that is necessary for it to be considered a viable option, taking into account its risk level.

IRR

In capital budgeting, the Internal Rate of Return serves as a tool for estimating the potential returns on investment projects.