Instructions: Identify the Following Terms

question 12

Short Answer

Instructions: Identify the following terms.
Camillo di Cavour and Giuseppe Garibaldi

Recognize the strategic importance of human resource management in organizational performance and alignment with corporate strategies.

Acknowledge the role of human resource management in maintaining a global workforce and managing diversity.

Understand the concepts of person-organization fit and its significance in HRM practices.

Recognize the strategic role of HRM in supporting the organizational core values and corporate culture.

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Definitions:

Founded

The act of establishing something, such as a company or organization, often marking its beginning.

Bretton Woods System

A monetary management system established in 1944 which set up fixed exchange rates for major currencies, with the US dollar convertible to gold, and led to the creation of the IMF and World Bank.

Fixed Exchange Rates

A system where the value of a currency is pegged to another currency, a basket of currencies, or a commodity such as gold, and does not fluctuate in the foreign exchange market.

Gold Standard

A monetary system in which the standard unit of currency is based on a fixed quantity of gold, ensuring stability and trust in currency value.