When Producing at a Production Efficient Point

question 58

Multiple Choice

When producing at a production efficient point,

• A) the opportunity cost of another good is zero.
• B) our choice of the goods can be either on or within the production possibilities frontier.
• C) we can satisfy our all wants.
• D) we face a tradeoff and incur an opportunity cost.

Identify and describe the stages used in analyzing the external environment.

Assess the potential of HR functions becoming managed electronically.

Comprehend the process and implications of conducting an environmental scan for an organization.

Recognize the impact of government regulations and environmental factors on HR strategy.