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Questions and Answers
What is globalization in the context of business?
What is globalization in the context of business?
- A strategy to reduce employee turnover
- A method to increase workforce diversity
- A technique to centralize work sites
- A process of interaction and integration among people, companies, and governments of different nations (correct)
What is the focus of human resource management (HRM)?
What is the focus of human resource management (HRM)?
- Implementing financial policies
- Developing marketing strategies
- Maximizing profits for the organization
- Attracting, hiring, training, motivating, and maintaining employees (correct)
What is one implication of globalization for HRM?
What is one implication of globalization for HRM?
- Implementing cost-cutting measures
- Reducing employee involvement
- Centralizing work sites
- Dealing with workforce diversity (correct)
Why are strong employees considered a source of competitive advantage?
Why are strong employees considered a source of competitive advantage?
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What is the contingent workforce?
What is the contingent workforce?
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