If Talent Management Is Effective in a Firm, It Is

question 23

Multiple Choice

If talent management is effective in a firm, it is most likely that_____.

• A) the voluntary turnover among the high potential employees will be essentially zero
• B) the organization will not have to use the external labor market except in emergencies
• C) the cost of labor in the firm will be lower than its direct competitors
• D) the firm has a succession plan in place for all holders of critical jobs

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Definitions:

Pooling Equilibrium

A situation in a market where all types of customers receive the same offer or treatment from a seller because the seller cannot distinguish between different types of customers.

Microeconomics

The branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.

Wage Cut

A reduction in the rate of pay received by workers, often implemented by employers to reduce costs or in response to economic conditions.

Marginal Products

The additional output that is produced by employing one more unit of a variable factor of production, holding other inputs constant.