Which of the Following Would Be Considered an Operational (Short

question 32

Multiple Choice

Which of the following would be considered an operational (short term) HR activity?

• A) Examining labor force trends
• B) Preparing staffing plans
• C) Developing a recruitment marketing plan
• D) Establishing a reward system that is linked to strategic goals

Understand the concept of correlation in statistics, including its types.

Recognize the phenomenon of test-retest improvement due to familiarity with the test format and content.

Understand the purposes and importance of statistics in various contexts.

Differentiate between types of graphs and their uses in displaying data.

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Definitions:

Marginal Physical Product

The additional output resulting from a one-unit increase in the quantity of a particular input, holding all other inputs constant.

Marginal Product

The extra output gained by incorporating one more unit of a given input in the production process, assuming all other inputs remain unchanged.

Average Product

The output per unit of input, calculated by dividing total product by the quantity of input.

Factor of Production

Resources used in the creation of goods and services, which include land, labor, capital, and entrepreneurship.