The Career Development Responsibility for Organizations Today Is to

question 6

Multiple Choice

The career development responsibility for organizations today is to

• A)provide assessment tests and information for most fulltime employees.
• B)groom internal candidates for promotions.
• C)build employee self-reliance.
• D)fire any employee who seeks development.
• E)increase organizational contributions to employee career development.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or operation grows in scale, opposite of economies of scale.

Returns to Scale

The change in output resulting from a proportionate increase in all inputs; the concept explains how output changes with varying levels of input.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically resulting in lower per-unit costs with increased production.

Average Cost Curve

The average cost curve is a graphical representation showing how the average cost per unit of output varies with the level of output, typically U-shaped due to economies and diseconomies of scale.