The Impact of Technology Has Fundamentally Changed the Role of HR.It

question 31

Multiple Choice

The impact of technology has fundamentally changed the role of HR.It has enabled HR to

• A) increase its involvement in transactional services.
• B) decrease the time spent with employees and line staff.
• C) decrease its involvement in transactional activities.
• D) decrease focus on the customer.
• E) increase time spent on administrative tasks.

Understand the characteristics and implications of natural monopolies.

Identify examples and reasons for government-created monopolies.

Evaluate the effectiveness and consequences of government interventions in monopoly markets.

Recognize the conditions and strategies for price discrimination by monopolists.

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Definitions:

Net Operating Income

Income from a company's everyday operations, excluding non-operating income and expenses like interest and taxes.

Sales Volume

The number of units of a product or service sold in a specific period of time.

Fixed Expenses

Costs that do not fluctuate with changes in production volume or sales, such as rent, salaries, and insurance premiums.

Net Operating Income

The earnings generated from the primary activities of a business, before subtracting interest and tax expenses.