Which of the Following Best Explains Why Human Resource Management

question 6

Multiple Choice

Which of the following best explains why human resource management is important to all managers?

• A) Technological changes and global competition require clear organization charts.
• B) Sophisticated accounting controls are supported by human resource managers.
• C) An enthusiastic labor force is likely to provide financial support to local unions.
• D) Investing in human capital enables managers to achieve positive results for the firm.
• E) Economic challenges facing the world call for advanced cost-cutting and streamlining.

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Definitions:

Economic Growth

Refers to the increase in the production of economic goods and services, compared from one period of time to another.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money leaving the country than coming in.

Economic Growth

Economic growth is the increase in the production of goods and services in an economy over a period, leading to a rise in the country's standard of living.

Trade Deficit

A trade deficit occurs when a country's imports exceed its exports during a given time period.