Human Resources Management Is Important to All Managers So They

question 24

True/False

Human resources management is important to all managers so they can avoid making common mistakes which may include hiring the wrong person for the job.

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Definitions:

Output

The total amount of goods or services produced by a business, industry, or economy.

Marginal Revenue

Additional earnings received from the sale of one more unit of a product or service.

Marginal Cost

The financial commitment for manufacturing an additional unit of a product or service.

Profits

The financial gain obtained when the revenues earned from business activities exceed the expenses, costs, and taxes needed to sustain those activities.