The Audit Approach to Evaluating the Effectiveness of HR Practices

question 71

Multiple Choice

The audit approach to evaluating the effectiveness of HR practices focuses on

• A)using analytical data to increase organizational effectiveness.
• B)estimating the costs and benefits resulting from an HR practice.
• C)reviewing the various outcomes of the HR functional area.
• D)determining the dollar value of a program.
• E)using utility analysis to estimate the financial impact of employee behavior.

Recognize the relationship between product standardization and market competition.

Understand the characteristics and implications of purely competitive market settings for firms.

Understand the concept of pure competition in market structures.

Identify the characteristics and implications of being a price taker in a purely competitive market.

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Definitions:

Major Depressive Disorder

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in daily activities.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heart rate, digestion, and respiratory rate.

Hypothalamus

A region of the brain responsible for hormone production and regulation of essential bodily functions such as temperature, thirst, and hunger.