Which of the Following Is True Concerning the Concept of Utility

question 21

Multiple Choice

Which of the following is true concerning the concept of utility as it relates to staffing?

• A)It addresses the overall usefulness of a staffing strategy.
• B)It addresses the cost/benefit ratio of one staffing strategy over another.
• C)It addresses the applicability of one staffing strategy over another.
• D)It addresses the general staffing strategy in reference to company goals.

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Definitions:

Annual Simple Interest Rate

The percentage of interest, calculated on a yearly basis, that does not account for compounding within that year.

Loan Balance

The remaining amount of money owed on a loan, excluding interest, at any given time.

Student Loans

Borrowed money aimed at financing higher education expenses, which typically comes with interest and must be repaid after the student graduates or leaves school.

Simple Interest Rates

An interest calculation method where the interest is computed only on the original principal amount throughout the life of the investment or loan.