The Key to Turning HRM Practices into Competitive Advantage Is

question 32

Multiple Choice

The key to turning HRM practices into competitive advantage is dependent on the organization conducting:

• A) adequate pay surveys.
• B) an adequate job analysis.
• C) an adequate utilization analysis.
• D) an adequate work flow analysis.

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Definitions:

Simple Rate

A basic, uncomplicated rate often used in calculations that do not require detailed financial complexity.

Payback Period

The amount of time it takes for an investment to generate cash flows sufficient to recover the initial cost of the investment.

Discount Rate

The interest rate used to discount future cash flows of an investment to present value, reflecting the opportunity cost of capital.

Cost Savings

Reductions in expenditures achieved through methods such as negotiation, effciency improvements, or substitution.