As the Price of Land Decreases Along Its Demand Curve

question 50

Multiple Choice

As the price of land decreases along its demand curve, the relative price of land

• A) increases because the prices of other resources have also decreased.
• B) decreases because the prices of other resources have also decreased.
• C) increases because the prices of other resources have increased.
• D) decreases because the prices of other resources are held constant.
• E) remains constant because the prices of other resources also increase.

Identify factors contributing to the success of training programs, such as active participation and immediate rewards for good ideas.

Understand the concept of employee readiness for training and its implications for training effectiveness.

Appreciate the importance of effective training objectives and their characteristics.

Understand the concept of distribution characteristics such as symmetry, peakedness, and variability.

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Definitions:

Succession Planning

A strategic process for identifying and preparing suitable employees through mentorship and training to replace key players within an organization as they retire, leave, or move on to other opportunities.

HR Planning

The systematic process of forecasting both the future demand for and supply of employees, and the deployment of those individuals within an organization.

Succession Management Programs

are systematic efforts and strategies to ensure the continuous and effective replacement of key personnel in an organization, planning for future leadership needs.

Employment Transitions

Describes the process of changing from one job or career to another, which may involve retraining, relocation, or adjustment to a new work culture.