Lako Systems Is Looking to Increase Performance of Employees in Decision-Oriented

question 66

Multiple Choice

Lako Systems is looking to increase performance of employees in decision-oriented and knowledge-intensive jobs within the firm. In order to determine the training required, they are performing an analysis of the skills and knowledge needed for those jobs, which is known as a

• A)task analysis.
• B)needs assessment.
• C)competency assessment.
• D)job analysis.

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Definitions:

Reserve Requirement

The portion of depositors' balances that banks must have on hand as cash, ensuring banks can meet withdrawal demands.

Money Supply

The total amount of monetary assets available in an economy at a specific time, influencing inflation and economic stability.

Bank Reserves

The portion of deposits that banks are required to hold either in cash in their vaults or on deposit with a central bank, as a precaution to ensure bank liquidity.

Reserve Requirement

The minimum amount of reserves that a bank is required to hold by law as a percentage of its deposits, used by central banks to control the money supply.