Management Inventories

question 52

Multiple Choice

Management inventories

• A)are visual representations of who will replace whom in the event of a job opening.
• B)record information about managerial responsibilities and management training used to identify internal candidates eligible for promotion.
• C)are used to keep track of employees' qualifications.
• D)are a method used to arrive at a group decision involving outside experts.
• E)are a method of forecasting labour supply that involves tracking the pattern of employee movements.

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Definitions:

SSR

Sum of Squares due to Regression, a measure in statistics that quantifies the explanation of variance by the linear regression model.

SSE

Sum of Squared Errors, a measure used in statistics to describe the total deviation of observed values from the values expected under a model.

Standard Error

The standard deviation of the sampling distribution of a statistic, most often the mean.

General Manager

A high-ranking executive who is responsible for overseeing the daily operations of a business and making crucial decisions.