Talent Inventories Are Detailed Records or Databases That Summarize Each

question 47

True/False

Talent inventories are detailed records or databases that summarize each employee's skills,competencies,education,training,previous performance reviews,and chances of being promoted.

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Definitions:

Average Fixed Costs

The total fixed costs of production divided by the quantity of output produced, indicating how fixed costs change with different levels of production.

Marginal Costs

The increase in total cost that arises from an extra unit of production.

Fixed Factors

Inputs in production that cannot be altered in the short term, such as buildings and machinery.

Output

The amount of goods and services produced by a business, industry, or economy.