A College Data Base Includes the Number of People Who

question 53

Multiple Choice

A college data base includes the number of people who are enrolled in each class the college offers. This is an example of:

• A) nominal data.
• B) ordinal data.
• C) interval data.
• D) ratio data.

Recognize personality traits that contribute to or detract from successful leadership.

Identify how different work modes impact office design preferences.

Define the components and characteristics of a work group in an organizational setting.

Understand the processes involved in workforce planning and talent management.

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Definitions:

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.), assuming all are efficiently used.

Efficiently

The manner in which resources are utilized in the most optimal way to produce goods or services without waste.

Comparative Advantage

An entity's capability to offer a product or service at a reduced opportunity cost than competitors.