The Branch of Economics That Focuses on the Conduct of Affairs

question 42

Multiple Choice

The branch of economics that focuses on the conduct of affairs within narrowly defined units, such as households or business firms, is called:

• A)​macroeconomics.
• B)​microeconomics.
• C)​socioeconomics.
• D)​applied economics.

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Definitions:

Succession Management

Strategic planning process for identifying and developing new leaders to replace old leaders when they leave or retire.

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.

HR Supply Planning

The process of ensuring that an organization has the right number and kind of people, with the necessary skills and competencies, in the right places at the right times to fulfill its goals.

Leader Development

The process of enhancing an individual's ability to guide others effectively.