Legislation Regarding HRM Practices Has Been Passed Mainly to

question 6

Multiple Choice

Legislation regarding HRM practices has been passed mainly to

• A) promote job safety and to protect the rights of employers.
• B) benefit politicians by decreasing unemployment, thus making them look good.
• C) put small businesses that cannot afford to follow all the guidelines and policies set forth by government out of work.
• D) ensure that men and women are paid equally for equal work.
• E) protect the rights of employees, promote job safety, and eliminate discrimination in the workplace.

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Definitions:

Financial Statements

Official records that outline a company's financial activities and conditions, including the balance sheet, income statement, and cash flow statement.

Firm's Financial Position

The status of a company's assets, liabilities, and equity at a given point in time, as reflected in its financial statements.

Market/Book Ratio

Also known as the price-to-book ratio, it compares a company's market value with its book value, indicating how much investors are paying for each dollar of net assets.

Stock Price

Stock price is the current market price of a share of stock, reflecting the value the market places on a company.