Core Competency Refers To

question 28

Multiple Choice

Core competency refers to:

• A) contracting with another organization to perform a broad set of services.
• B) the planned elimination of large numbers of personnel with the goal of enhancing the organization's competitiveness.
• C) the construction and application of statistical models that predict labor demand for the next year, given relatively objective statistics from the previous year.
• D) a set of knowledge and skills that make the organization superior to competitors and create value for customers.
• E) the attempts to determine the supply of and demand for various types of human resources within the organization.

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Definitions:

Semiannual Compounding

The process of applying interest to a principal sum twice a year, leading to interest being earned on interest.

Periodic Interest Rate

The interest rate applied over a specific time period, crucial for calculating interest in savings and loan scenarios.

Present Value

The value today of a future amount of money or sequence of cash payments, calculated using a designated return rate.

Effective Rate

The actual interest rate an individual pays on a loan or earns on an investment, taking into account the effect of compounding.