What Is the First Step for the Establishment of a Workplan

question 5

Multiple Choice

What is the first step for the establishment of a workplan for the development of an employment equity program?

• A) examining the workforce analysis
• B) making sure upper management is on board
• C) outlining monitoring and evaluation
• D) setting numerical goals

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Definitions:

Indifference Curves

A graphical representation used in economics to show different combinations of two goods that give a consumer equal satisfaction and utility.

Utility Maximizes

The behavior of consumers to obtain the greatest satisfaction from their choices, given their resources.

Substitution Effect

The change in demand for a good or service caused by a change in its price, making consumers choose alternatives.

Budget Constraints

The limitations on the spending behavior of consumers based on their income and the prices of goods and services, determining the possible combinations of goods and services they can afford.