Human Resource (HR) Professionals Who Work Directly with Top Managers

question 41

Multiple Choice

Human resource (HR) professionals who work directly with top managers on strategic challenges play the first role of global HR, which is:

• A) providing HR expertise.
• B) delivering HR services.
• C) providing customer support.
• D) contributing to business decisions.

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Definitions:

Inelastic

A characteristic of a good or service whose demand or supply is relatively unresponsive to changes in price.

Elastic

A characteristic of a product or service that indicates its demand or supply significantly changes with a change in price.

Unit Elasticity

A situation where a change in the price of a product leads to a proportional change in the quantity demanded or supplied.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.