Companies Have Historically Looked at HRM as a Means to Contribute

question 4

True/False

Companies have historically looked at HRM as a means to contribute to profitability, quality, and other business goals through enhancing and supporting business operations.

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Definitions:

Centralized System

A system where decision-making authority is concentrated at a single point or within a limited structure, often at the top levels of an organization or government.

Arbitration Awards

The binding rulings issued by arbitrators that conclusively resolve the dispute between parties.

Culturally Protected

Refers to the status given to certain practices, traditions, or artifacts that are preserved or safeguarded due to their cultural significance.

Financial Situation

An entity's or individual's current financial condition, assessed by considering assets, liabilities, income, and expenses.