The Human Resources Department of an Organisation Develops a Policy

question 3

Multiple Choice

The Human Resources department of an organisation develops a policy outlining the practices and guidelines that should be followed when recruiting employees.This is an example of:

• A) intangible knowledge
• B) tacit knowledge
• C) explicit knowledge
• D) organisational knowledge

---

Definitions:

Units of Output

Measures the quantity of production or goods produced by a firm or industry during a given time period.

Purely Competitive Market

A market structure characterized by many sellers and buyers, homogeneous products, and easy entry and exit, leading to a situation where no single participant has market control.

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of output or production in a business.

Total Cost

The aggregate sum of all costs, both fixed and variable, incurred in the production of goods or services.