Which of the Following Is Among the Top Skills Required

question 84

Multiple Choice

Which of the following is among the top skills required to perform day-to-day work as a labour relations professional?

• A) coaching
• B) negotiation
• C) interpersonal skills
• D) conflict resolution
• E) communication

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Definitions:

Least-Cost Decision

A decision-making process focused on selecting the option that requires the lowest financial outlay while still achieving the desired result.

Economic Profit-Maximising

The strategy of adjusting the output and pricing of goods or services to achieve the highest possible profit, taking both explicit and implicit costs into account.

Total Revenue

The entire amount of income generated by the sale of goods or services before any expenses are subtracted.

Total Cost

The complete amount of expenses incurred in the production or acquisition of goods or services, including direct and indirect costs.