Variable Factors of Production Are the Inputs That a Manager

question 150

Multiple Choice

Variable factors of production are the inputs that a manager:

• A) may adjust in order to alter sales.
• B) may adjust in order to alter production.
• C) cannot adjust in the short run.
• D) cannot adjust in the long run.

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Definitions:

HRM Strategies

Tactics and methods employed to manage the workforce effectively, aligning HRM with the overall objectives of the organization.

Organizational Strategies

Plans or approaches developed by a business to achieve its goals and to operate in a competitive environment effectively.

Strategic Human Resources Management

An approach to managing human resources that supports long-term business goals and outcomes with a strategic framework.

HR Talent Management

Strategic approach to attracting, developing, retaining, and utilizing people with the required skills and aptitude to meet current and future business needs.