Which Decision-Making Tool Studies the Expected Outcomes of a Policy

question 21

Multiple Choice

Which decision-making tool studies the expected outcomes of a policy proposal while also calculating the expected financial impact?

• A) cost-benefit analysis
• B) risk assessment
• C) implementation analysis
• D) forecasting

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Definitions:

Human Resource Decisions

Decisions within an organization that pertain to the recruitment, selection, retention, and management of personnel.

Strategy

Strategy refers to a plan of action designed to achieve a long-term or overall aim, often involving the deployment of resources to enhance competitive advantage.

Labor Force Trends

Patterns and changes in employment practices, workforce composition, and labor market dynamics.

Functional Job Analysis

A method for analyzing jobs and categorizing them based on the tasks and responsibilities involved, often used for job design and evaluation.