Which of the Following Statements About Human Resource Management Opportunities

question 38

Multiple Choice

Which of the following statements about human resource management opportunities and challenges is most accurate?

• A) Shifts in the economy have led to a huge pool of skilled and unskilled workers from declining industries that are either unemployed or are underemployed.
• B) Workers now would rather have more income rather than more leisure. Therefore, many employees now want to work more than 40 hours per week.
• C) So many people have sought training in high-tech areas such as robotics and computers that there is likely to be a huge surplus of labor in high-tech industries.
• D) Workers now desire more stability and predictability in their careers, so they now give their employers more loyalty and expect more loyalty from their employers in return.

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Definitions:

Private Ownership

The ownership of property and businesses by individuals or corporations rather than by the government or the public as a whole.

Redistribution of Income

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Circular Flow Model

An economic model that depicts the movement of goods, services, and money between households and businesses in an economy.

Consumer Expenditures

The total amount spent by consumers in an economy on goods and services.