Strategic Human Resource Management Refers to ________

question 17

Multiple Choice

Strategic human resource management refers to ________.

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

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Definitions:

Joint Process

A manufacturing operation that simultaneously produces multiple products from a single raw material input.

Split-off Point

In a manufacturing process, the stage at which multiple products are generated from a common input, and each can be independently processed or sold.

Joint Production Costs

Costs incurred in the process of producing two or more products simultaneously from the same raw material or process.

Financial Advantage

The benefit gained in financial terms, enabling better standing in the market or more resources for operations.