The Term Focused Processes Refers to the Quest for Increased

question 19

True/False

The term focused processes refers to the quest for increased efficiency, whether in goods or services, that results from specialization.

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Definitions:

Projection

An estimation or forecast of future outcomes based on current or past data.

HR Estimates

Approximations or forecasts concerning human resources needs, including staffing levels and budgeting for salaries or training.

Human Capital Flow

The change in the stock of human capital over time. Factors that affect the flow of human capital include terminations, promotions, lateral movements, and demotions.

Human Capital Stock

The collective skills, knowledge, and abilities possessed by an organization's workforce considered as an asset or investment.