question What is the primary function of human resource management in commerce

What is the primary focus of microeconomics in commerce?

A. Aggregate economic indicators
B. Individual economic entities and their decision-making
C. International trade
D. Government fiscal policy

What is the primary purpose of a balance of trade in international commerce?

A. Regulating international trade
B. Monitoring the exchange rate
C. Measuring the difference between exports and imports
D. Managing fiscal policy

In commerce, what does the term "brand equity" refer to?

A. Market share
B. The financial value of a brand
C. Advertising expenses
D. Product pricing

What does the term "e-commerce" refer to?

A. Traditional business practices
B. Electronic buying and selling of goods and services
C. Physical retail stores
D. Human resource management

What is the primary purpose of a trade embargo in international commerce?

A. Promoting free trade
B. Restricting or prohibiting trade with a specific country
C. Managing fiscal policy
D. Controlling inflation

What is the purpose of the General Agreement on Tariffs and Trade (GATT) in commerce?

A. Regulating domestic trade
B. Promoting free trade and reducing trade barriers
C. Managing fiscal policy
D. Controlling inflation

What is the primary function of human resource management in commerce?

A. Product development
B. Employee recruitment, training, and development
C. Financial reporting
D. Market analysis

What is the significance of ethics in commerce?

A. Maximizing profits at any cost
B. Ensuring fair and ethical business practices
C. Ignoring societal responsibilities
D. Exploiting consumers

Which branch of commerce involves the study of consumer behavior and market trends?

A. Marketing
B. Finance
C. Accounting
D. Management

What does the term "tariff" refer to in international commerce?

A. Government subsidies
B. Import and export taxes
C. Currency exchange rates
D. Economic sanctions