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Which of the Following Transactions Does Not Take Place in the Markets

question 241

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Which of the following transactions does not take place in the markets for factors of production in the circular-flow diagram?


Definitions:

Electronic Human Resource Management

The integration of information technology into the human resources function to enhance its efficiency and effectiveness, often through digital platforms and tools.

Psychological Contract

A description of what an employee expects to contribute in an employment relationship and what the employer will provide the employee in exchange for those contributions.

Job Security

Refers to the likelihood that an individual will keep their job without the risk of becoming unemployed.

Knowledge Workers

Employees whose main contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession.

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