Which of the Following Is Not Part of Economics

question 54

Multiple Choice

Which of the following is not part of economics?

• A)an increased individual wealth
• B)the production of goods and services
• C)among alternative uses
• D)allocation of scarce resources

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Definitions:

Organizational Performance

A measure of how efficiently and effectively an organization meets its objectives and achieves its goals.

HR Metrics

Quantitative measures used to gauge and track the performance and effectiveness of human resource activities within an organization.

Business Objectives

Defined goals and aims that an organization seeks to achieve over a specific period of time.

Full-Time Equivalent Employees

A calculation used by organizations to represent the number of full-time workers by considering the hours worked by part-time employees.