After Algonquin College Realizes Its Student Enrollment Has Increased by 10

question 83

Multiple Choice

After Algonquin College realizes its student enrollment has increased by 10%, it sets out to determine how many new professors it will need to hire to meet demand. This is part of which stage of HRM?

• A) maintenance
• B) acquisition
• C) orientation
• D) compensation

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Definitions:

Fully Employed

A situation in which all available labor resources are being used in the most economically efficient way.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods, given a set of inputs and technology, assuming efficient use of resources.

Decreasing Opportunity Costs

A situation where the cost of forgoing the next best alternative decreases as more units of a product are produced.