Which of the Following Situations Is One in Which a Least-Cost

question 100

Multiple Choice

Which of the following situations is one in which a least-cost decision would be used?

• A) Deciding whether to replace existing machinery or keep the old
• B) Deciding whether to buy a new delivery truck
• C) Deciding which of three pieces of safety equipment should be purchased in order to comply with state regulations
• D) Deciding whether to invest in a new warehouse or an updated computer system

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Definitions:

Dual Career Tracking

A human resources strategy that facilitates the progression of employees' careers in ways that accommodate both individuals in dual-career partnerships, such as spouses or partners.

Competency Analysis

The process of identifying and defining the abilities, skills, and knowledge that are essential for performing a job effectively.

Boundaryless Career

A modern approach to career development that emphasizes flexibility, mobility, and the ability to cross traditional job boundaries or sectors.

Peter Principle

The concept that employees within an organization tend to rise to their level of incompetence, promoting based on past performance rather than suitability for the new role.