What Is the Main Way by Which HR Managers Contribute

question 76

Multiple Choice

What is the main way by which HR managers contribute to increasing the value of their firm?

• A) making sure that employees focus their effort toward implementing the firm's tactical plans
• B) engaging in effective collective bargaining with employees
• C) consulting on legal issues with managers in other departments so that the firm avoids employee lawsuits
• D) finding ways to raise the value of their firm's human capital

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Definitions:

Horizontal Merger

A merger between companies that operate in the same industry, often leading to consolidation in the market.

Herfindahl Index

A measure of market concentration, calculated by squaring each company's market share in the industry and then summing the squares.

Market Power

The ability of a company or entity to influence the price and output levels in a market.