Use the Following to Answer Questions

question 101

Multiple Choice

Use the following to answer questions:
Figure: Sugar and Freight Trains
-(Figure: Sugar and Freight Trains) Use Figure: Sugar and Freight Trains.Suppose the economy is operating at point C.The opportunity cost of producing the fourth freight train would be:

• A) 19 tonnes of sugar.
• B) 45 tonnes of sugar.
• C) 80 tonnes of sugar.
• D) 3 freight trains.

---

Definitions:

Internal Supply

The availability of resources, talent, or goods within an organization that can be utilized or mobilized to meet its needs.

Future Resource Needs

Anticipated requirements of an organization for assets, staff, or materials in order to meet its strategic goals.

Forecasting

Predicting future events or trends, often using historical data and analysis methods.

Human Resource Planning

The process by which an organization ensures that it has the right number and kind of people, at the right place and time, capable of effectively and efficiently completing tasks that help the organization achieve its overall objectives.