In the Diagram in Question #7 Above

question 24

Multiple Choice

In the diagram in Question #7 above,

• A) a movement from point S to point T involves an increase in the capital/labor ratio used In the production of good A.
• B) if the PPF is plotted from the "contract curve" (or "production efficiency locus"), the Production combination of goods A and B associated with point R is on the PPF.
• C) if the PPF is plotted from the "contract curve" (or "production efficiency locus"), with Good A on the vertical axis and good B on the horizontal axis, the production Combination of goods A and B associated with the 0_B origin is at the origin of the PPF graph.
• D) if the PPF is plotted from the "contract curve" (or "production efficiency locus"),With good A on the vertical axis and good B on the horizontal axis, the production Combination of goods A and B associated with point T is further up the vertical Axis than the production combination associated with point S.

Understand the ethical and legal considerations in hiring decisions and the concept of employment discrimination.

Recognize the legal framework governing industrial relations in Australia and New Zealand.

Understand the process of international assignments and internal recruitment advantages and strategies.

Understand different performance appraisal methods and how to implement them.

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Definitions:

Gross Domestic Product

The total market value of all goods and services produced within a country in a specific time period, serving as a broad indicator of its economic health.

Unemployment Rate

The ratio of the number of people classified as unemployed to the total labor force.

Inflation

The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.

Bargaining Power

The capacity of one party to influence the terms and conditions of an agreement in its favor during negotiations with another party.