Making "How Much" Decisions Involves

question 177

Multiple Choice

Making "how much" decisions involves

• A)calculating the total benefits of the activity and determining if you are satisfied with that amount.
• B)calculating the total costs of the activity and determining if you can afford to incur that expenditure.
• C)calculating the average benefit and the average cost of an activity to determine if it is worthwhile undertaking that activity.
• D)determining the additional benefits and the additional costs of that activity.

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Definitions:

External Environment

Factors and forces outside an organization that affect its performance, including economic, social, technological, legal, and political elements.

Organizational Planned Change

A deliberate process initiated by an organization to improve or alter its current state for better results.

HR Planning

The process by which an organization ensures that it has the right number and kind of people, at the right place, at the right time, capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic goals.

HR Metric

A measurable value that is used to track and assess the efficiency and effectiveness of HR policies and procedures.