Given the Environment in Which Organizations Must Function Today,which of the Following

question 45

Multiple Choice

Given the environment in which organizations must function today,which of the following statements about human resource management (HRM) is FALSE?

• A) HRM should have an important place because of the complex legal environment.
• B) HRM should be a part of the strategic planning process.
• C) HRM should be left to line managers because they know their people best.
• D) HRM should be viewed as a means of significantly increasing productivity.
• E) Human capital reflects the organization's investment in attracting,retaining,and motivating an effective workforce.

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Definitions:

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, used historically by various nations.

Trade Deficit

A situation that occurs when a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Currency

The system of money in general use in a particular country.

Dollar Rate

The exchange rate of the US dollar against other currencies, influencing international trade and economics.