It Is Desirable for Managers To

question 17

Multiple Choice

It is desirable for managers to:

• A) monitor the HRM plan constantly to revise and update it as the organization changes.
• B) resist making changes to the HRM plan when internal factors affect the organization.
• C) avoid adjusting the HRM plan in correspondence to changes in technology.
• D) negate the influence of forecasts as they can adversely impact the HRM plan.
• E) create the HRM plans such that changes in economic cycles do not alter its course.

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Definitions:

Business Structure

The legal and organizational framework chosen by a company that defines its operations, liabilities, responsibilities, and regulatory obligations.

Sole Proprietorship

An unincorporated firm owned and operated by one person.

Money Income

It refers to the total amount of monetary earnings received by an individual or household, including wages, salaries, and other forms of financial income.

Revenues

The sum of money a business acquires from selling goods or offering services over a certain time frame.