The Implementation of Strategies to Put the Right People in the Right

question 54

Multiple Choice

The implementation of 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 is referred to as:

• A) mentoring.
• B) cross-training.
• C) workforce optimization.
• D) performance appraisal.
• E) none of these.

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Definitions:

Consumer Surplus

The variance between the actual cost paid by consumers and the maximum amount they're prepared to pay for a good or service.

Market Equilibrium

The point at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market price.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service to prevent market prices from rising above a certain level.

Consumer Surplus

The variation between the price consumers are willing to offer for a product or service and the actual payment made.