Which of the Following Managerial Functions Involves the Recruitment,selection,placement,orientation,and Training

question 67

Multiple Choice

Which of the following managerial functions involves the recruitment,selection,placement,orientation,and training of employees?

• A)Planning
• B)Leading
• C)Staffing
• D)Controlling

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Definitions:

Price Elasticity

An economic measure of the change in the quantity demanded or purchased of a product in relation to its price change.

Marginal Cost

The cost of producing one additional unit of a good or service, a concept that is crucial in economic decision-making and pricing strategies.

Cost Function

A mathematical relationship that outlines how production costs depend on the quantity of output produced.

Demand Curve

A visual diagram that illustrates the connection between a product's price and the amount consumers want to purchase.