#44 How can understanding finance benefit HRM majors when conducting cost-benefit analyses for HR initiatives? How can understanding finance benefit HRM majors when conducting cost-benefit analyses for HR initiatives?

A) By avoiding cost-benefit analyses

B) By conducting cost-benefit analyses, projecting ROI, and aligning HR strategies with the organization's financial objectives

C) By exclusively focusing on compensation analysis

D) By eliminating the need for financial considerations in HR initiatives

#45 Why is understanding finance important for Human Resources Management (HRM) majors?

A) To exclusively focus on compensation and benefits management

B) To align HR strategies with an organization's financial goals, conduct cost-benefit analyses, and ensure talent-driven decisions are financially sound

C) To prioritize personal financial gain over HR careers

D) To eliminate the need for HR strategies

#46 If a general manager lacks finance expertise when evaluating the financial feasibility of investing in new machinery for production efficiency, he or she can easily evaluate financial feasibility, calculate ROI, and make informed investment decisions.

True

False

#47 What can happen if a general manager lacks finance expertise when evaluating the financial feasibility of investing in new machinery for production efficiency?

Efficient evaluation of financial feasibility and informed investment decisions

Struggles in evaluating financial feasibility, calculating ROI, and making informed investment decisions

Rapid investment decisions without any challenges

Access to unlimited financial resources for machinery purchase

#48 Understanding finance is not important for business leadership and general management majors to make informed decisions, align choices with financial objectives, and conduct cost-benefit analyses.

True

False

#49 Understanding finance is important for supply chain management majors to optimize supply chain costs, make informed decisions, and enhance supply chain resilience.

True

False #50 If a supply chain manager lacks finance expertise when selecting suppliers based solely on price, evaluating supplier proposals will still go easily and quickly because she or he can expertly analyze and consider total cost of ownership.

True

False