What Is the Term for Limited Resources and Limited Demand

question 138

Multiple Choice

What is the term for limited resources and limited demand for a product?

• A)resources
• B)contribution factors
• C)constraints
• D)optima

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Definitions:

Attrition

The process of reducing an HR surplus by allowing the size of the workforce to decline naturally because of the normal pattern of losses associated with retirements, deaths, and voluntary turnover.

HR Surplus

A situation in which the organization has more human capital than it requires in order to meet its current or forecasted human capital requirements.

Workforce

The total number of a country's or an organization's employees, including both the staff and the workers.

HR Demand

The organization's projected requirement for human capital.