Justification: Correct answer: The concept of Industrial Relations has been expanded and is now addressed by Human Resource Management (HRM), peopl...

Justification: Correct answer: The concept of Industrial Relations has been expanded and is now addressed by Human Resource Management (HRM), people are seen as living resources and not as production factors. Correct, as it is the Neo-Classical Era. Distractors: People were treated as production resources, easily replaced as well as equipment that presented problems. The pursuit of maximum production efficiency was the main concern. Incorrect, as these are characteristics of the Classical Industrialization. There is a need for a major repositioning regarding business models. The focus is now on an agile, flexible and fluid structure to adapt to faster, unforeseen and unexpected changes. Incorrect, as these are characteristics of the Information Age. People were considered as appendages of machines and mere providers of physical and muscular effort. The organizational structure applied was bureaucratic, centralizing, functional, inflexible, pyramidal and rigid. Incorrect, these are characteristics of Classical Industrialization. The competitiveness between organizations increased, as the economy that was once based on manufacturing and natural resource exploitation, began to have people, their knowledge and skills as the most important resource. Incorrect, these are characteristics of the Information Age (where knowledge and skills are already taken into account).

The concept of Industrial Relations has been expanded and is now addressed by Human Resource Management (HRM), people are seen as living resources and not as production factors.
People were treated as production resources, easily replaced as well as equipment that presented problems. The pursuit of maximum production efficiency was the main concern.
There is a need for a major repositioning regarding business models. The focus is now on an agile, flexible and fluid structure to adapt to faster, unforeseen and unexpected changes.
People were considered as appendages of machines and mere providers of physical and muscular effort. The organizational structure applied was bureaucratic, centralizing, functional, inflexible, pyramidal and rigid.
The competitiveness between organizations increased, as the economy that was once based on manufacturing and natural resource exploitation, began to have people, their knowledge and skills as the most important resource.
a) Only the first statement is correct.
b) Only the second statement is correct.
c) Only the third statement is correct.
d) Only the fourth statement is correct.
e) Only the fifth statement is correct.