A Company Finds That for the Next Worker Hired, the Worker's

question 252

Multiple Choice

A company finds that for the next worker hired, the worker's VMP is less than the cost of the worker. In this case, to maximize its profit the company should

• A) definitely hire the worker.
• B) perhaps hire the worker, depending on the relationship between the company's MC and MR.
• C) definitely not hire the worker.
• D) None of the above answers is correct.

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Definitions:

Organizational Needs Analysis

A systematic approach to identifying and addressing gaps between current organizational capabilities and desired outcomes.

Objectives

Specific, measurable targets set by an organization or individual to achieve within a particular timeframe.

Goals

Specific achievements or objectives that an individual, group, or organization aims to reach through targeted efforts.

Proximal Goals

Short-term objectives or milestones that are set as steps toward achieving a larger, long-term goal.