Workforce Optimization Involves Implementing Strategies to Put the Right People

question 138

True/False

Workforce optimization involves implementing strategies to put the right people in the right jobs, make the best use of employee talent and skills, and develop human capital for the future.

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Definitions:

Price Elasticity

A measure of the responsiveness of the quantity demanded of a good or service to a change in its price.

Demand

The desire, willingness, and ability of consumers to purchase goods or services at various price levels.

Health Care

A system for providing medical services to prevent, treat, and manage illness, as well as to preserve physical and mental well-being through the services offered by health professionals.

Central Economic Problem

The issue of how to allocate scarce resources among unlimited wants and needs, a fundamental challenge in economics.