Changes That Are Shaping HR Practices at IBM Include

question 58

Multiple Choice

Changes that are shaping HR practices at IBM include:

• A) shifting jobs offshore
• B) establishing jobs in new locations
• C) moving to low-cost labor
• D) going where there is low-cost competition
• E) All of the above

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Definitions:

Entrepreneurs

Individuals who create, organize, and manage a new business venture, taking on greater than normal financial risks in order to do so.

Landlords

Property owners who rent out their real estate assets to tenants in exchange for periodic payments.

Purely Competitive Economy

An idealized market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can influence the market price.

Economic Profit

Sales minus explicit costs and implicit costs.