A "Twofold" Change Is When

question 70

Multiple Choice

A "twofold" change is when

• A) income goes up and then it goes down.
• B) the equilibrium price of both a complement and a substitute changes.
• C) supply and demand both shift.
• D) equilibrium price and equilibrium quantity both change.
• E) some input costs go up and some go down.

Understand the purpose and functionality of dashboards in HRM.

Comprehend the advantages of IT-aided HR systems over traditional paper-based systems.

Understand the basics and significance of relational databases in HRM.

Recognize the importance of selecting relevant key performance indicators (KPIs) for HR dashboards.

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Definitions:

Job Migration

The movement of workers from one sector, region, or country to another, often in pursuit of better employment opportunities and working conditions.

Ecological Fallacy

The error that arises when conclusions about individual-level behavior are drawn from aggregate-level data, assuming that group data reflect the individual behaviors within the group.

Workforce Diversity

The inclusion of individuals of different races, ethnicities, genders, ages, religions, disabilities, and sexual orientations in the workplace.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often characterized by global economic trade and cultural exchange.