Which of the Following Is NOT an Internal Factor That

question 6

Multiple Choice

Which of the following is NOT an internal factor that will affect HR demand?

• A) downsizing management
• B) vacations and sick days
• C) planned redundancy
• D) training and development

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Definitions:

Cost-output Elasticity

The ratio of the percentage change in cost relative to the percentage change in output, indicating how costs change with output levels.

Marginal Cost

The cost associated with producing one additional unit of a product.

Technological Change

Development of new technologies allowing factors of production to be used more effectively.

Isoquant

A curve representing all the combinations of inputs that yield the same level of output.