Which of the Following Is a Human Resource Management (HRM)

question 41

Multiple Choice

Which of the following is a human resource management (HRM) practice that can lead to improved firm performance?

• A) Having self-directed work teams
• B) Having pay secrecy and pay compression policies
• C) Using pay inversion to motivate employees
• D) Conducting informal performance appraisals

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Definitions:

Liquidity Trap

A situation where interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Check Clearing

is the process by which banks settle transactions involving checks, ensuring that the amount specified is transferred from the bank on which the check is drawn to the bank of the depositor.

Lender of Last Resort

A function usually performed by a central bank to provide funds to financial institutions facing liquidity problems to prevent their failure and systemic risks to the economy.