Managers and economists traditionally have seen HRM as a(n)

A. source of value to their organization.
B. necessary expense.
C. asset.
D. essential component of a high-performance work system.
D

Nope, not traditionally.

What does your text say?

To answer this question, we can break down the options provided:

A. Source of value to their organization: Managers and economists may view HRM (Human Resource Management) as a source of value because effective management of human resources can contribute to productivity, innovation, and overall organizational success.

B. Necessary expense: This option suggests that managers and economists consider HRM as simply a cost that needs to be incurred but not necessarily providing significant value.

C. Asset: Viewing HRM as an asset means that managers and economists recognize the importance of a talented and capable workforce and see HRM as an investment in their organization's human capital.

D. Essential component of a high-performance work system: This option suggests that HRM is considered crucial in creating a work environment that promotes high performance and productivity.

Now, considering these options, D seems to be the most appropriate answer as it acknowledges the importance of HRM as a vital component of a high-performance work system. This implies that managers and economists recognize the value and significance of effective HRM practices in their organizations.