The Shareholder Wealth Maximization Model (SWM)

question 10

Multiple Choice

The Shareholder Wealth Maximization Model (SWM) :

• A) combines the interests and inputs of shareholders, creditors, management, employees, and society.
• B) is being usurped by the Stakeholder Capitalism Model as those types of MNEs dominate their global industry segments.
• C) clearly places shareholders as the primary stakeholder.
• D) is the dominant form of corporate management in the European-Japanese governance system.

Recognize the importance of certifications and professional associations in shaping HR practices.

Appreciate the role of knowledge workers and how HR practices are adapted to manage and support them.

Understand the challenges sexual misconduct poses to human resource management.

Identify and describe the role of the Society for Human Resource Management (SHRM) and the certifications by Human Resource Certification Institute.

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Definitions:

Holistic

An approach that emphasizes the importance of the whole and the interdependence of its parts.

Human Motivation

The psychological forces or processes that influence the direction, intensity, and persistence of an individual's goal-directed actions.

Procedural Injustice

The perception that the processes involved in decision making, resource allocation, or dispute resolution are unfair.

Counterproductive Work Behaviors

Actions by employees that harm or are intended to harm an organization or its members, such as theft, sabotage, or workplace incivility.