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The Return to a Factor That Is in Fixed Supply

question 7

True/False

The return to a factor that is in fixed supply is a pure rent.


Definitions:

Employees Hired

The process of adding new individuals to an organization’s workforce through a systematic recruitment and selection process.

HRM Practices

A set of activities and procedures implemented by the human resources department to effectively manage an organization’s workforce.

Measuring

The process of determining the size, quantity, or degree of something typically through the use of instruments or techniques.

Measure HRM Programs

The evaluation of human resource management initiatives and policies to determine their effectiveness and alignment with organizational objectives.

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