Companies That View Their Human Resource Function as a Strategic

question 48

Multiple Choice

Companies that view their human resource function as a strategic asset should NOT evaluate HR effectiveness by investigating

• A) costs and benefits.
• B) organizational outcomes such as productivity.
• C) profitability.
• D) costs as the only factor.
• E) utility analysis.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achieved due to market distortion, such as taxes or subsidies, leading to a reduction in total welfare.

Vacationing Abroad

The act of traveling to another country for leisure, exploration, or relaxation purposes.

Consumer Surplus

The disparity between the total sum consumers are ready to pay for a product or service and the actual amount they end up spending.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting extra benefit or profit.