Hernandez Inc

question 20

Multiple Choice

Hernandez Inc., a retail firm, maintains a database that contains all the necessary work-related details of its employees in a systematic manner.Which of the following is being exemplified by Hernandez in this scenario?

• A) Human resource information system
• B) Executive succession
• C) Reduction strategy
• D) Human capital investment
• E) The critical incidents approach

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Definitions:

Long-run Equilibrium

A state in which all factors of production and costs are variable, and firms in the industry make just enough profit to stay in business.

Short-run Profits

Short-run profits occur when a company's revenue exceeds its operating costs within a particular, relatively brief period.

Long Run

A period in economics where all inputs, including capital and labor, can be adjusted.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price taking behavior.