In Order to Increase the Scope of Employees' Jobs and Help

question 247

Multiple Choice

In order to increase the scope of employees' jobs and help them build greater skills and expertise by performing different jobs, many organizations have implemented ________ programs.

• A)career scouting
• B)career ramping
• C)job splicing
• D)job rotation
• E)job scouting

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Definitions:

MB = MC Decision Framework

A decision-making principle where optimal allocation of resources is achieved when marginal benefit equals marginal cost.

Marginal Benefit Element

The heightened sense of satisfaction or value realized by a consumer upon acquiring another unit of a good or service.

Expected-Rate-of-Return-Curve

A graphical representation showing the range of possible outcomes for the return on an investment and their associated probabilities.

Law of Diminishing Returns

An economic principle stating that if one factor of production is increased while others are held constant, the overall return will eventually decrease after a certain point.