In Socialist Countries, HR Practices Tend to Shift Toward Preventing

question 57

Multiple Choice

In socialist countries, HR practices tend to shift toward preventing unemployment, even at the cost of

• A)freedom of expression.
• B)civil liberties.
• C)efficiency.
• D)long-range planning.
• E)career development.

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Definitions:

Normal Balance

The side (debit or credit) of an account that is usually increased, reflecting its nature as an asset, liability, equity, revenue, or expense.

Equity

The ownership interest held by shareholders in a corporation, calculated as total assets minus total liabilities.

Liability

A financial obligation or debt that a company owes to others, which must be settled over time through the transfer of assets or services.

Asset

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.