Calculating the Economic Value of Any HR Practice Is

question 2

Multiple Choice

Calculating the economic value of any HR practice is:

• A) extremely difficult
• B) fairly easy
• C) unnecessary if the practice has a low dollar value
• D) necessary only if cost estimates must fall within budgetary constraints
• E) none of the above

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Definitions:

Organic Search

A method of entering one or several search terms as a single string of text into a search engine to generate a list of results that are ranked according to relevancy without the influence of paid advertising.

Social Media Marketing

The use of social media platforms to connect with an audience to build a brand, increase sales, and drive website traffic.

B₂C Respondents

Individuals or consumers who respond or interact with business-to-consumer surveys, studies, or marketing campaigns.

Brand Transparency

The practice of openly sharing all aspects of the company's operations, values, and ethics with consumers, fostering trust and credibility.