GENERAL KNOWLEDGE

Detailed explanation-1: -Outsourcing occurs when a business pays an outside supplier to provide goods and services, rather than doing the work in-house.

Detailed explanation-2: -Which of the following terms refers to a set of human resource management policies and practices that promote organizational effectiveness? Explanation: A high-performance work system is a set of human resource management policies and practices that promote organizational effectiveness.

Detailed explanation-3: -Functional strategies identify the basic course of action that each department will pursue in order to help the business attain its competitive goals. HR strategies are a type of functional strategy.

Detailed explanation-4: -Norton have developed a set of measures that they refer to as “a balanced scorecard.” These measures give top managers a fast but comprehensive view of the organization’s performance and include both process and results measures.