HRM Plays an Important Role in Organizations by Balancing the Sometimes

question 9

Multiple Choice

HRM plays an important role in organizations by balancing the sometimes competing demands of which of the following?

• A) competitive challenges and international challenges
• B) international challenges and employee concerns
• C) employee concerns and HRM challenges
• D) competitive challenges and employee concerns

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Definitions:

Countercyclical

An economic or fiscal policy or measure that moves in opposition to the business cycle, designed to reduce the volatility of the economic cycle by decreasing spending in booms and increasing it in recessions.

Built-In Stabilizers

Economic policies and programs designed to automatically reduce volatility in the economy without the need for specific action by policymakers.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in a country in real terms.

Federal Budget

An annual financial statement presented by the government, detailing its expected revenue and proposed spending for the coming fiscal year.