_____ Refers to a Process Whereby an Organization Ensures That

question 18

Multiple Choice

_____ refers to a process whereby an organization ensures that employees are recruited and developed to fill each key role within the company.

• A)Talent management
• B)Training and development
• C)Compensation management
• D)Employee induction program
• E)Succession plan

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Definitions:

Wages

Payments made to employees by employers, typically based on the number of hours worked or a fixed amount for a certain job.

Quantity of Labor

The total hours worked or the number of employees engaged in production within a certain period.

Unit Elastic

A situation where a change in price leads to an equal proportional change in the quantity demanded or supplied.

Price Elasticity

An assessment that depicts how variations in the price of a good affect the quantity of it that consumers want.