The human resource management function can help a firm achieve its primary strategic goals of reducing the costs of value creation and adding value by better serving customer needs
Indicate whether the statement is true or false.
TRUE
Human resource management (HRM) refers to the activities an organization carries out to use its human resources effectively. Through its influence on the character, development, quality, and productivity of the firm's human resources, the HRM function can help the firm achieve its primary strategic goals of reducing the costs of value creation and adding value by better serving customers.
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A hierarchy of authority is ________.
a. a diversity structure used in planning with recruiting, selection, and hiring b. the arrangement of having discrete parts of a task done by different people c. also known as work specialization d. a control mechanism for making sure the right people do the right things at the right time e. also known as a division of labor
A cross-licensing agreement is ________
A. an agreement to exchange licenses B. an agreement to share patents and other technology C. an agreement between sellers and buyers D. a contract for the licensing of industrial property rights to two or more licensees