Which One of the Following Activities Is Called the Core

question 25

Multiple Choice

Which one of the following activities is called the core or basis of everything that HR does in an organization?

• A) Work flow analysis
• B) Performance measurement
• C) Telecommuting
• D) Job analysis
• E) Critical analysis

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Definitions:

Producer Surplus

The difference between what producers are willing and able to sell a product for and the actual price they receive, representing the extra benefit to producers.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Quantity Demanded

The overall quantity of a product or service that buyers are prepared and can afford to buy at a certain price point, during a specific period.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.