Human Resource Management (HRM)

What is the primary focus of Human Resource Management (HRM)?

• Designing products

• Managing finances

• Design, implementation, and maintenance of strategies to manage people

• Marketing and sales strategies

Which of the following is NOT listed as a component of Human Resources Planning?

• Hiring

• Benefits

• Compensation

• Promotion

What does the concept of Hard and Soft HRM primarily focus on in business management?

• Marketing strategies and customer relations

• Financial management and cost reduction

• Contrasting approaches to utilizing the workforce

• Product development and innovation

What does "Hard" HRM primarily view employees as within a business?

• A liability

• A strategic partner

• Just another resource

• A key to innovation

According to "Soft" HRM, employees are considered as what?

• A temporary asset

• The most important resource and a source of competitive advantage

• A financial burden

• A replaceable unit

Which HRM approach focuses on the cost and productivity of employees?

• Soft HRM

• Hard HRM

• Flexible HRM

• Progressive HRM

How does "Soft" HRM view the role of employees in giving the business a competitive edge?

• By minimizing employee costs

• By maximizing employee turnover

• By enhancing employee satisfaction and innovation

• By reducing training programs

What is the primary focus of a Hard HRM approach?

• Long-term development of employees

• Short-term workforce needs

• Employee satisfaction

• Technological advancement

Which of the following is NOT a key feature of a Hard HRM approach?

• Minimal communication

• Focus on employee empowerment

• Short term changes in employee numbers

• Motivation based on financial methods

What type of leadership style does a Hard HRM approach suit best?

• Democratic

• Laissez-faire

• Autocratic

• Transformational