The Objective of a Human Resource Strategy Is to

question 124

Multiple Choice

The objective of a human resource strategy is to

• A) produce the demand forecast at lowest labor cost
• B) match employment levels with demand
• C) achieve a reasonable quality of work life at low cost
• D) manage labor and design jobs so people are effectively and efficiently utilized
• E) all of the above

Distinguish between lost, mislaid, abandoned property, and the rights of various parties involved.

Explain the legal requirements for a valid gift, including delivery and acceptance.

Identify the entities that hold an insurable interest in property and the implications thereof.

Understand the treatment of commingled goods and the rights of original owners in the event of a bankruptcy.

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Definitions:

Horizontal Integration

A business growth strategy through acquiring or merging with competitors in the same industry at the same stage of production.

Horizontal Contracts

Agreements or cooperations between businesses that operate at the same level in the supply chain, often for mutual benefit or to reduce competition.

Customers' Goals

The objectives or desired outcomes that customers aim to achieve through purchasing goods or services.

Substitute Products

Goods or services that can serve as replacements for each other, satisfying similar customer needs or desires.