Which of the Following Statements About a Promotion from Within

question 27

Multiple Choice

Which of the following statements about a promotion from within policy is/are true?

• A)By and large,it improves employee morale.
• B)Typically,it results in higher recruitment costs.
• C)It facilitates change in organizational culture.
• D)A and B are true.
• E)B and C are true.

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Definitions:

Perfect Information

A situation in which all participants have full and equal knowledge of all relevant factors affecting decisions.

EMV

Expected Monetary Value, a decision-making tool used in risk management to calculate the average outcome when the future includes scenarios that may or may not happen.

Medium Potential

A term indicating a moderate level of capacity or ability to achieve or develop something in the future.

Opportunity Losses

The losses incurred by not choosing the best alternative financial option, often considered in decision-making processes to evaluate different investment or business strategies.