Which Term Is Used in Cost-Benefit Analysis When Discussing the Present

question 9

Multiple Choice

Which term is used in cost-benefit analysis when discussing the present value of future benefits?

• A) discount rate
• B) indexing
• C) opportunity cost
• D) sensitivity analysis

Understand the significance of making selection decisions based on job requirements.

Describe the multiple-hurdle model in employee selection and its utility.

Understand the purpose and components of human resource planning.

Identify and differentiate between the various strategies for managing labor shortages and surpluses.

---

Definitions:

Strategic Objective

Long-term goals that help convert a business's stated vision into specific performance targets.

Performance Perspective

Relates to analyzing and assessing the efficiency, effectiveness, and outcomes of operations and strategies within a business or project.

CSR Activities

Initiatives undertaken by a company to assess and take responsibility for its effects on environmental and social wellbeing, often going beyond legal requirements.

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.