When Is a Career Plateau Most Likely to Occur

question 74

Multiple Choice

When is a career plateau most likely to occur?

• A) When an employee starts gaining new skills
• B) When an employee employs the strategy ofjob sequencing
• C) When an employee becomes unmotivated and quits
• D) When an employee cannot advance upward within an organization

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Definitions:

Least-Cost Decision

A decision-making process focused on selecting the option that requires the lowest financial outlay while still achieving the desired result.

Economic Profit-Maximising

The strategy of adjusting the output and pricing of goods or services to achieve the highest possible profit, taking both explicit and implicit costs into account.

Total Revenue

The entire amount of income generated by the sale of goods or services before any expenses are subtracted.

Total Cost

The complete amount of expenses incurred in the production or acquisition of goods or services, including direct and indirect costs.