Edgar Works at Alpha Inc

question 67

Multiple Choice

Edgar works at Alpha Inc.He is responsible for identifying individuals with skills required for the various roles in the organization.Which of the following human resource management (HRM) practices is being performed by Edgar?

• A) Performance management
• B) Employee relations
• C) Selection
• D) Training
• E) Compensation

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Definitions:

Expected Value

A calculated average of all possible values for a random variable, reflecting the expected level of gain or loss over time for a given situation or set of outcomes.

Perfect Information

Perfect information is a situation in which all participants in a transaction have complete and identical knowledge about all aspects of the transaction, leaving no room for uncertainty.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Expected Monetary Value

A decision-making technique in project management that calculates the average outcome when the future includes scenarios that may or may not happen.