In the Majority of Fortune 500 Companies,the Head of the Human

question 30

Multiple Choice

In the majority of Fortune 500 companies,the head of the human resource department,usually a vice president,answers to the chief executive officer (CEO) of the company.In many companies,the head of the human resource department sits on the board of directors,the planning committee,or both.These trends are indicative of how human resource managers are:

• A) expected to become more specialized in their specific area of function.
• B) constantly dealing with a shrinking role in most organizations today.
• C) required to possess competencies that are far less sophisticated than their predecessors.
• D) increasingly involved in their organization's strategic and policy-making activities.

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Definitions:

Milton Friedman

An American economist and Nobel laureate known for his extensive work on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Profit Maximization

A business strategy aimed at generating the greatest possible profit, focusing on revenue enhancement and cost minimization.

Shareholders

Individuals or entities that own one or more shares of a company's stock, making them partial owners of the company.

CSR Initiative

A company's act of engaging in socially responsible activities, practices, and policies, aiming to have a positive impact on society, the environment, and stakeholders.