HR Professionals Can Demonstrate the Bottom-Line Implications of Each HRM

question 32

Multiple Choice

HR professionals can demonstrate the bottom-line implications of each HRM practice by linking traditional HRM practices to:

• A) strategic goals.
• B) tangible business goals.
• C) organizational effectiveness.
• D) productivity improvement programs.

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Definitions:

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.

Average Revenue

The average amount of money received by a firm per unit of output sold, calculated by dividing the total revenue by the number of units sold.

Marginal Cost

The uptick in price resulting from the manufacture of an extra unit of a good or service.

Monopoly Firm

A company that is the sole provider of a product or service in a market, facing no competition.