Which of the Following Terms Refers to Interrelated Components Working

question 55

Multiple Choice

Which of the following terms refers to interrelated components working together to collect, process, store, and disseminate information to support a firm's human resource management activities?

• A)transaction-processing system
• B)high-performance work system
• C)human resource information system
• D)electronic performance support system

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Definitions:

Marginal Benefit

The incremental gain in happiness or usefulness obtained through consuming an extra unit of a good or service.

Marginal Cost

Marginal cost is the cost incurred by producing one additional unit of a product or service, emphasizing the concept of variable costing.

Resource Allocation

The process of allocating resources, including capital, labor, and materials, among competing uses or projects in an efficient manner.

Production Possibilities Curve

The Production Possibilities Curve (PPC) is a model that shows the various combinations of two goods or services that an economy can produce, given its resources and technology, illustrating the concept of opportunity cost.