which of the following is not the HRM concept ? A. commodity B. factor of production C. Goodwill D. mass production
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Answer:
the goodwill is the hrm concept
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None of the options given for the concept are the HRM concept.
Explanation:
Definition of the HRM:
"Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. HRM is often referred to simply as human resources (HR). "
Concept of the HRM:
Managerial concept of the HRM: Managerial functions include
- Planning
- Organizing
- Staffing
- Directing
- Controlling
Operative concept of the HRM: Operative functions include
- Procurement
- Development
- Compensation
- Maintenance
HRM scenario of the India is developing in the big industries. "Mind your man and man will mind your work." It is the cost centered department.
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