The Traditional Role of HRM as Primarily an Administrative Function

question 63

True/False

The traditional role of HRM as primarily an administrative function has gradually given way to a new role-that of strategic partner.

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Definitions:

Services

Intangible products provided to consumers, which could include education, healthcare, and entertainment, among others.

Exchange Rate

The rate at which one currency can be exchanged for another.

Country's Currency

The legal tender or medium of exchange that is issued by a country and used for financial transactions within its borders.

Indirect Exporting

A method of exporting goods through intermediaries, rather than directly to the foreign market.