To Develop Executives Who Will Have an Understanding of and Expertise

question 29

Multiple Choice

To develop executives who will have an understanding of and expertise in a variety of functions, products and services, and markets, managers make sure that executives with high potential have different job proficiencies, some inline positions and some in staff positions.This is employee development through

• A)varied work experiences.
• B)formal education.
• C)on-the-job training.
• D)role-playing.
• E)simulation.

Understand the various types of agreements and contracts in the context of intellectual property.

Identify the criteria for obtaining a patent.

Recognize the concept of royalties in intellectual property law.

Understand the rights and limitations under copyright law.

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Definitions:

HRM Functions

The diverse activities undertaken by Human Resource Management to optimize the performance and contribution of employees towards organizational objectives.

Business Performance

The evaluation of a company's operations and financial outcomes, often measured through metrics such as sales, profit, and growth.

Treating Employees

The practices and policies an organization adopts to handle, manage, and support its workforce, impacting their satisfaction, productivity, and loyalty.

Training

The process of teaching or developing in oneself or others, the skills and knowledge that relate to specific useful competencies, aimed at improving an individual's capability, capacity, productivity, and performance.