For an ERP to Be Effective, It Must Be

question 79

Multiple Choice

For an ERP to be effective, it must be:

• A) aimed at challenging goals that are modifiable throughout the recruitment process.
• B) designed such that it shows a preference for hiring relatives of current employees.
• C) focused on reducing the amount of diversity among employees to ensure smooth functioning.
• D) communicated to all existing employees of the company in detail.
• E) implemented such that it is accessible to select employees only.

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Definitions:

Nature

The physical world and everything in it that is not made by human beings, including plants, animals, and landscapes.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of their own self-interest often leads to beneficial effects for the society as a whole.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," which is considered the foundation of modern economic theory.

Competitive Market

A market structure characterized by a large number of sellers and buyers, where no single entity can dictate prices, leading to efficient distribution of goods and services.