Rationalization refers to:
A. Maximization of profit
B. Installing more machines for more production
C. Employment of men & machines in a prudent manner
D. To have a better market share by fixing monopoly price of some selected commodities
E. Extracting more production units from workers by paying less amount of wages
Answer: Option C
This Question Belongs to Commerce >> HRM In Commerce
A condition of stagnating in one's current job is called
A. Mid-career crisis
B. Plateauing
C. Reality shock
D. None of these
A. Finance department
B. Marketing department
C. Production department
D. Human Resource department
Treating employees as precious human resources is the basis of the . . . . . . . . approach.
A. Hard HRM
B. Soft HRM
C. Medium HRM
D. Utiliarian approach
In a wage system where employee is paid according to output is called:
A. Time rate system
B. Piece rate system
C. Time cum bonus system
D. Piece cum bonus rate system
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