It Takes Approximately _______ Years and _______ to Bring a New

question 77

Multiple Choice

It takes approximately _______ years and _______ to bring a new drug to the market.

• A) 12; $1 billion
• B) 2; $100,000
• C) 4; $5 million
• D) 6; $20 billion

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Definitions:

Increased Automation

The growing use of machines and technology to perform tasks that were traditionally done by humans, leading to enhanced efficiency but also potential job displacement.

Human Resource Information System

An integrated system designed to help manage HR processes, employee data, and organizational policies and procedures, often through technology.

HRIS

Human Resource Information System, a digital solution for managing and automating many aspects of HR practices, from recruitment to payroll.

Human Resource Surplus

A situation in which an organization has more staff than needed, leading to potential workforce downsizing or restructuring.