Predicting an Employee's Potential Is Related to Which Promotion Decision

question 24

Multiple Choice

Predicting an employee's potential is related to which promotion decision made by employers?

• A) Is seniority or competence the rule?
• B) How is competence measured?
• C) Is the process formal or informal?
• D) Vertical, horizontal, or other?
• E) Future management level?

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Definitions:

Diminishing Marginal Utility

The economic principle stating that as a person consumes more of a good, the satisfaction (utility) gained from consuming each additional unit decreases.

Indifference Curves

Graphs representing combinations of different goods that provide an individual with the same level of satisfaction, showing consumer preferences.

Total Utility

The cumulative satisfaction or value that a person derives from consuming a certain quantity of goods or services.

Indifference Curve

A graph showing combinations of goods between which a consumer is indifferent, representing equal levels of satisfaction.