Strategic Managers Must Be Concerned with Human Resource Management Because

question 86

Multiple Choice

Strategic managers must be concerned with human resource management because

• A) dealing with people is their primary job.
• B) quality of work life is more important than strategic management.
• C) the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers.
• D) workers are more likely to go on strike if management attempts to cross them.
• E) they must be aware of the possibility and potential of unionism.

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Definitions:

Taxable Income

The amount of an individual's or entity's income used as the basis for calculating how much tax they owe to the government, after deductions and exemptions.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.

Total Tax Rate

The comprehensive rate at which income is taxed, combining the effects of both federal and state rates, and possibly other levies.

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.