Organization Z Is Planning Its Future

question 94

Multiple Choice

Organization Z is planning its future.In the process,the firm is making decisions such as what type of market it wants to be the leader in and what path to take to achieve this goal.What is Organization Z doing?

• A)strategic planning
• B)human resources planning
• C)performing a Markov analysis
• D)applying principles of strategic human resources management

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Definitions:

Economic Profit

The net outcome of subtracting all expenses, both overt and hidden, from a corporation's aggregate earnings.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting the firm's ability to adjust to changes in market demand or supply.

Quantity

The amount or number of a material or immaterial good that is considered as a unit or an aggregate.

Shut-down Point

The level of operation at which a company does not benefit from continuing operation and incurs losses by staying in business.