The Rapid Use of Technology by HR Departments in Business

question 115

Multiple Choice

The rapid use of technology by HR departments in business organizations has resulted in:

• A) organizations becoming more bureaucratic and restrictive about information pertaining to workplace policies.
• B) the elimination of the self-service approach toward information dissemination in the organization.
• C) the elimination of face-to-face meetings and training sessions entirely across all businesses.
• D) the collection of employees' opinions through online surveys to improve employee engagement initiatives.
• E) HR employees having greater responsibilities for record keeping.

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Definitions:

Revenue-maximizing Price

The price at which a company can generate the maximum revenue from the sale of a product or service, taking into account the demand and elasticity of the product.

Football Tickets

Typically, these are passes that allow entry to watch a football game.

Demand Function

A mathematical representation showing the quantity of a good or service that consumers are willing and able to purchase at various prices.

Reservation Price

The maximum price a buyer is willing to pay for a good or the minimum price a seller is willing to accept.