For an HRM Function to Become Truly Strategic in Its

question 88

Multiple Choice

For an HRM function to become truly strategic in its orientation,it must

• A)not view itself as a separate business entity.
• B)base its strategies on serving external clients.
• C)focus on process-oriented rather than people-oriented concerns.
• D)adopt a customer-oriented approach.
• E)spend most of its time and efforts on transactional activities.

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Definitions:

Output

The total quantity of goods or services produced or supplied by a firm or economy within a certain period.

Product Price

The amount of money required to purchase a specific good or service offered in the market.

Units of Output

Measures the quantity of production or goods produced by a firm or industry during a given time period.

Purely Competitive Market

A market structure characterized by many sellers and buyers, homogeneous products, and easy entry and exit, leading to a situation where no single participant has market control.