How Can an HR Department That Is Considered Its Company's

question 32

Multiple Choice

How can an HR department that is considered its company's strategic partner help the company gain a competitive advantage?

• A) by handling administrative tasks with a commitment to quality
• B) by providing business partner services to meet the company's goals
• C) by providing skills training and career development programs
• D) by understanding the existing human resources and providing new ones
• E) by answering questions on employee hiring and benefits

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Definitions:

Optimal Level

The best or most efficient point at which a particular action or operation achieves a balance between benefits and costs.

Profit-maximizing Output

The maximum profit attainment point for a company occurs when the marginal cost matches the marginal revenue, indicating the optimum production level.

Purely Competitive Firm

A firm operating in a market where there are many sellers and buyers, the products are homogenous, and there are no barriers to entry or exit, leading to market prices being determined by supply and demand.