In the Majority of Fortune 500 Companies,the Head of the Human

question 48

Multiple Choice

In the majority of Fortune 500 companies,the head of the human resource department,usually a vice president,answers to the CEO of the company.In many companies,the head of the human resource department sits on the board of directors,the planning committee,or both.These trends are indicative of how HR managers:

• A)are continuing to occupy a largely administrative role in most modern organizations.
• B)are dealing with a shrinking role in most organizations today.
• C)today need to possess competencies far less sophisticated than their predecessors.
• D)are increasingly involved in the organization's strategic and policy-making activities.

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Definitions:

Account

A record in bookkeeping that tracks the financial transactions of a specific asset, liability, equity, revenue, or expense.

Accounts Receivable

Represents money owed to a company by its customers for goods or services sold on credit.

Services

Intangible products provided to consumers, which may include consultancy, maintenance, delivery, or repair services.

Journalize

The process of recording financial transactions in a company's journal, detailing the accounts that are affected and by how much.