HR Has Its Own Uses for Technology and Customized Software

question 14

True/False

HR has its own uses for technology and customized software, which can greatly enhance its ability to perform its responsibilities specifically in situations in which physical overseas travel is not possible (as was the case with the COVID-19 pandemic).

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Definitions:

Income Redistribution

The governmental policy or action of adjusting the distribution of income, usually through taxation and welfare programs, to achieve a fairer society.

Monopoly Sellers

Single sellers in a market with no close substitutes for the product or service they offer, giving them significant control over prices.

Allocative Inefficiency

A situation where resources are not optimally allocated according to consumer preferences, often leading to overproduction or underproduction of certain goods or services.

Monopolist

An entity that has exclusive control over the supply of a particular good or service, setting prices without facing competition.