Transition Companies Are Characterized By

question 21

Multiple Choice

Transition companies are characterized by:

• A) Large well-resourced HR departments
• B) Devolving HR responsibilities to a small group
• C) HR relocations to a subsidiary company
• D) Medium sized corporate HR department

---

Definitions:

Marginal Cost

The financial outlay required to produce an additional product unit.

Socially Optimal

The socially optimal point is where the societal benefits of consuming a good or service equal the societal costs of producing it, leading to an efficient allocation of resources.

Marginal Benefit

The increase in utility or enjoyment an individual gets by consuming an additional unit of a good or service.

Marginal Cost

The extra expense associated with creating an additional unit of a product or service.