HRM 3420 Chapter 4: chapter 4

41) When a nation's GDP declines from one year to the next, this is an indication that the economy has experienced: a) a budget deficit a recession a downturn under-employment fiscal contraction e)

1. Which of the following is a reason that training and development are key ingredients to the competitiveness of firms? a) Rapid change e.g. technology, requires employees continually learn new skills b) The new psychological contract has created the expectation that employees invest in their own career development c) Growing reliance on teamwork creates a demand for the ability to solve problems in teams d) Diversity and globalization require that employees be able to work well with people who are different from them e) All of the choices are correct