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What is the implication of diversity in relation to HRM?
Policy Decisions
High-level choices made by organizations or governments that set directions, establish regulations, or guide the implementation of strategies.
Monte Carlo Simulation
A statistical technique that uses random sampling and repeated trials to calculate outcomes of uncertain variables.
Mathematical Model
A representation of a system, process, or relationship in mathematical form, using symbols and equations.
Operating Characteristics
Key features and parameters that describe how a system performs under various conditions, often used in evaluating process efficiency.
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