-Refer to Figure 1

question 32

Multiple Choice

-Refer to Figure 1.1. What two external factors affect the HR system?

• A) legal and socioeconomic environments
• B) vision/values and mission
• C) strategic objectives and organizational requirements
• D) personnel competence/commitment and effectiveness

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Definitions:

Profitability

A measure of how effectively a company generates profit from its revenues or assets.

Debt And Equity

The two major sources of financing for a company, where debt involves borrowing money to be repaid, and equity involves raising money by selling interests in the company.

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of reporting periods, allowing for the assessment of trends and growth patterns.

Decrease

The act or process of becoming smaller in size, amount, number, or level.