Dionne,the HR Manager,has Been Asked to Share Issues in the Strategy

question 36

Multiple Choice

Dionne,the HR manager,has been asked to share issues in the strategy formulation process.How do you know this is part of a two-way linkage?

• A)The strategic planning function and the human resource management function are interdependent.
• B)The two-way linkage level is the lowest level of integration.
• C)The human resource management executive has no time to take a strategic outlook toward human resource issues.
• D)The human resource function is limited to monitoring day-to-day activities.
• E)The strategic planning function and the human resource management function are completely dependent.

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Definitions:

Market Equilibrium

A condition in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Producer Surplus

The difference between the amount a producer is paid for a good and the minimum amount they would be willing to accept.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Cost to Sellers

The expenses incurred by sellers in providing a good or service, including production costs, labor, materials, and overhead.