HR Managers Should Take a Systems Approach to HR Practices

question 29

True/False

HR managers should take a systems approach to HR practices and policies to maximize the value and output of the firm's human resources in conjunction with organizational strategy.

Identify the principles of social learning theory and its explanations for behavior acquisition and regulation.

Understand Lewin's force field theory and its emphasis on internal and external motivational forces.

Acknowledge the importance of expectancies in linking behaviors to goals, and cognitive factors in the determination of behavior.

Comprehend the role of cognitive theories in explaining motivated states through rational thought processes.

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Definitions:

Marginal Revenue

The boost in income resulting from the sale of one more unit of a product or service.

Market Price

The existing value at which an asset or service might be acquired or disposed of on the open market.

Marginal Revenue

The incremental revenue procured by selling an extra unit of a product or service.

Marginal Cost

The cost of producing one additional unit of a product or service, crucial for pricing and production decisions.