Which of the following is a / are reason/s to make use of external consultants?

i)The necessary expertise is not available within the organization.

ii)Buying consultant time is usually cheaper than making use of in-house staff.

iii)Consultants can make use of their experience with other organizations.

Which is NOT a typical benefit of high staff retention rates?

Which is the best definition of the term 'stakeholder'?

Which apply to a market that is 'price inelastic'?

In which TWO organizations would a 'Theory Y' approach to managing staff be most appropriate?

i)'Process' change is best implemented independently of 'people' change. ii)Introducing a change will tend to have a negative short-term impact.

Which statements is/are true?

Dividing an organization's objectives into short-term, medium-term and long-term ones and tackling them in that order is known as:

Because the availability of some types of resources is limited, unit costs may, in the long run, rise as output increases. What is this phenomenon known as?

i)Fluctuations in a company's share price do not necessarily mirror its overall performance. ii)Introducing more KPIs will make an organization's performance monitoring more effective

Demand curves are not typically smooth. Points on the curve that optimize demand and price are known as: