A Key Element of the Strategic Approach to Human Resource

question 121

True/False

A key element of the strategic approach to human resource management argues that human resource management is not a matching process and managers should avoid attempts to match or integrate employees to organization's strategy and goals.

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Definitions:

Capitalist Income

Income earned from the ownership of capital or investments, typically in the form of profits, interest, and dividends.

Time-Value

The principle that money available now is worth more than the same amount in the future due to its potential earning capacity.

Irving Fisher

An American economist, statistician, inventor, and Progressive social campaigner known for his contributions to economic theory.

Credit Risk

The risk of loss resulting from a borrower's failure to repay a loan or meet contractual obligations.