Additional Case 9.2 Martin, the Director of HR at Austin Designs, Is Meeting

question 47

Multiple Choice

Additional Case 9.2
Martin, the director of HR at Austin Designs, is meeting with the career development team. The firm's CEO has decided that the company needs to invest the time and effort into improving the direction and development phases of the current career development program; however, development funds are limited. The CEO and most of the executive management team are self-made professionals who believe strongly in individual responsibility. The organizational structure of Austin Designs is very flat. The company has a wide variety of jobs but few levels of high responsibility. Feedback from employees suggests that they don't know when promotional opportunities are available.
-Refer to Additional Case 9.2.Which statement most likely describes the future of career development efforts at Austin Designs?

• A) Management will take responsibility for employee career development through coaching.
• B) Career development will become the increasing responsibility of individual employees.
• C) The firm will create an assessment center and career resource center in the near future.
• D) The firm will increase its emphasis on assessment prior to selection.

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Definitions:

FDA Approval

FDA Approval is the authorization granted by the U.S. Food and Drug Administration for a drug, medical device, or food product to be marketed or sold after meeting safety and efficacy standards.

Terminal Value

The value of an investment at the end of a specified period, often used in discounted cash flow analysis to estimate future cash flows beyond a forecast period.

Market Potential

An estimate of the maximum total sales of a product or service in a particular market over a specified period under ideal conditions.

Rollback Value

A term not typically used in standard statistical or mathematical language; likely specific to certain decision analysis contexts. NO.