Which Activities Belong in the Human Resources Department

question 329

Multiple Choice

Which activities belong in the human resources department?

• A)records, measures, and reports monetary transactions
• B)tracks strategic financial issues, including money, banking, credit, investments, and assets
• C)supports sales by planning, pricing, and promoting goods or services is marketing
• D)maintains policies, plans, and procedures for the effective management of employees

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Definitions:

Bertrand Competition

A model in economic theory in which competing firms choose their prices simultaneously and independently to maximize profits under the assumption that products are homogeneous.

Duopoly

A market structure characterized by two dominant firms controlling the majority of the market share.

Stackelberg Leader

A firm in a duopoly that maximizes its profit by making the first move and setting its output level, anticipating the response of the follower firm.

Maximize Profits

The process of making the most favorable decisions to achieve the highest possible earnings after expenses.