The Main Approaches That Companies Use to Develop Employees Include

question 66

Multiple Choice

The main approaches that companies use to develop employees include:

• A)formal education, assessment, and experience.
• B)job rotation, promotion, and assessment.
• C)job analysis, job description, and workflow analysis.
• D)psychological tests, assessment centers, and promotion.
• E)job rotation, team building, and assessment.

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Definitions:

Breakeven Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain for the business.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.

Fixed Costs

Expenses that do not vary with the level of production or business activity within a certain range.

Price Elastic

A measure of how much the demand for a product or service changes in response to a change in its price.