Strategic Human Resource Management Refers to

question 91

Multiple Choice

Strategic human resource management refers to .

• A)extending a firm's sales, ownership, and manufacturing to new markets
• B)planning the balance of internal strengths and weaknesses with external opportunities and threats to maintain competitive advantage
• C)formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve strategic aims
• D)managing a firm's insurance benefits administration process
• E)emphasizing the knowledge, education, training, skills, and expertise of a firm's workers

---

Definitions:

Shortage

A situation in which the demand for a good or service exceeds its supply in a market.

Surplus

An excess of income or assets over expenditure or liabilities in a given period, indicating financial health.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, typically used to control costs for essential items like food and rent.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, representing a state of market balance.