An Offer Is an Indefinite Proposal Made by One Person

question 82

True/False

An offer is an indefinite proposal made by one person to another.

Understand the purpose and components of human resource planning.

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

Know the significance of recruitment policies, sources, and recruiter characteristics.

Recognize the impact of downsizing on organizations and employees.

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Definitions:

Technological Advance

The progression or improvement in technology, leading to enhanced productivity, efficiency, or quality in goods and services.

Economy

The system by which goods and services are produced, distributed, and consumed within a particular area or country.

Basic Decisions

Fundamental choices or determinations made to guide actions, policies, or strategies, often in businesses or personal planning.

Economies

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.