It Is Reasonable to Assume That If There Were No

question 72

Multiple Choice

It is reasonable to assume that if there were no transaction costs in organizing production, _____.

• A) contracts would be incomplete
• B) mergers would not add value to firms
• C) diversification would increase the financial risk of a company
• D) firms would not need to exist

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Definitions:

Future HR Demand

The anticipated need for human resource personnel and skills in the future, based on organizational goals and market trends.

Qualitative Forecasting

A method of prediction that uses non-numeric data such as expert opinions, market trends, and other unquantifiable information to anticipate future events.

Managerial Input

Guidance, feedback, and decision-making contributions made by managers to shape strategies and operations.

Workforce Requirements

The specific needs and qualifications an organization requires from its employees to successfully meet its objectives and goals.