HR Managers Need To

question 13

Multiple Choice

HR managers need to:

• A) Know the formal and informal rules of the game governing HRM in all regions of operations
• B) Develop organizational capabilities that drive business success
• C) Nurture and develop people
• D) All of these answers

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Definitions:

RRIF

Registered Retirement Income Fund, a tax-deferred retirement plan in Canada that an individual can use to generate income from the assets inside their Registered Retirement Savings Plan.

Compounded Annually

Interest calculated once a year on both the initial principal and the accumulated interest from previous periods.

Compounded Monthly

Interest on an investment or loan calculated and added to the principal balance monthly, where each month's interest calculation includes the previous month's interest.

Deferred Annuity

A financial security provided by insurers that holds back the distribution of income, either through regular installments or a one-time sum, until it's opted for by the investor.