Daniel,the Director of Operations,strongly Believes That Human Resource Management (HRM)is

question 90

Multiple Choice

Daniel,the director of operations,strongly believes that human resource management (HRM) is critical to the success of organizations.Melissa,the CFO of the organization,opposes Daniel's view because she thinks HRM is an unnecessary expense for the company.Which of the following statements weakens Melissa's belief?

• A) HRM is highly substitutable and interchangeable.
• B) HRM is easily available for all companies to utilize.
• C) HRM helps an organization imitate human resources at a high-performing competitor.
• D) HRM ensures that persons with high levels of the needed skills and knowledge are easily found.
• E) HRM is indispensable for building a competitive advantage.

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Definitions:

Opportunity Costs

The advantages or gains a person, investor, or company forgoes by selecting one option instead of another.

Economic Resources

Resources required for the production of goods and services, including labor, capital, land, and entrepreneurship.

Production Possibilities

The various combinations of goods and services that can be produced in a given timeframe, using all available resources and technology.

Economizing Problem

The fundamental economic issue of meeting people's virtually unlimited wants with scarce resources, requiring choices and priorities in resource allocation.