When Organizations Have More People Than They Need, They Can

question 36

Multiple Choice

When organizations have more people than they need, they can use ________ to reduce the surplus if they have planned far enough in advance.

• A) attrition
• B) promotion
• C) outsourcing
• D) job specifications
• E) job analysis

Distinguish between fixed and growth mindsets in the context of internships and self-improvement.

Assess the effectiveness of mentoring relationships and the importance of professional development.

Reflect on the role of integrity and civic professionalism in internships.

Understand the concept of cost-volume-profit (CVP) analysis and its significance in decision-making.

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Definitions:

Certificates Of Deposit

A type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date.

Compounded Quarterly

The process of calculating interest on both the initial principal and the accrued interest over four quarters in a year.

Semi-annually

Occurring twice a year, typically used in the context of payments, compounding, or reporting periods.

Interest Rate

The ratio of interest a borrower must pay to a lender for using their money.