Operational Tools Are Often Used as Part of a Firm's

question 68

Multiple Choice

Operational tools are often used as part of a firm's human resource strategy. Which of the following is an operational tool used to establish labor standards?

• A) Work methods analysis
• B) Work measurement methods
• C) Motion-study techniques
• D) Job design
• E) Operations control

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Definitions:

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate to ensure economic stability.

Short-run Phillips Curve

A curve representing the inverse relationship between the rate of inflation and the rate of unemployment in an economy over the short term.

Money Supply Growth Rate

The rate at which the amount of money available in an economy is increasing.

Natural Rate of Unemployment

The level of unemployment consistent with sustainable economic growth, where the labor force and job vacancies are in equilibrium.