Question 08: Define human resources management and analyze how it relates to the management process. Answer:
Answers
Human resources management (HRM) is the process of managing the human capital of an organization to achieve its goals and objectives. It involves the recruitment, selection, training, development, evaluation, and retention of employees. HRM also deals with compensation, benefits, and employee relations.
HRM is a crucial aspect of the management process because it is responsible for ensuring that the organization has the right people in the right roles to achieve its objectives. HRM is involved in every stage of the management process, from planning to controlling. It provides managers with the information and tools they need to make effective decisions about their human resources.
In the planning stage, HRM helps to identify the human resources needs of the organization and develops strategies to attract and retain the right talent. In the organizing stage, HRM is responsible for designing and structuring jobs and teams to ensure that they are effective and efficient. In the leading stage, HRM provides managers with the training and development resources they need to be effective leaders. Finally, in the controlling stage, HRM evaluates the performance of employees and takes corrective action when necessary.
In summary, HRM is an essential component of the management process because it ensures that an organization's most valuable asset, its people, are effectively managed to achieve its goals and objectives.
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Related Questions
Benjamin Franklin said, “Beware of little expenses. A small leak will sink a great ship. ” What does this mean to a person trying to build financial stability? How would you restate this saying so that it would be clearer to someone trying to grow a budget?
How would you place the order of these steps to build a budget? 1=first 2=the middle step 3=last
______Analyze cash flow and look for ways to increase your income and decrease your expenses....
______Keep track of your spending...
______Identify your income and your expenses....
What are they, and how would you explain their meaning? Give one example of each.
23.Fixed expenses
________________________________________________________________________
Flexible expenses
________________________________________________________________________
Money that comes to you from: Various jobs or work, like cutting grass or babysitting wages,
Full- or part-time employment, Allowances, Odd jobs, Interest and dividends, Other sources, including tips. Is known as your
_________________.
Where does All the money go?
If you are in the habit of buying the 4 for $4 meal special at the local famous fast food restaurant every day of the week for lunch how much would this add up over time? It might taste good going down but what might you be able to save for if you had all that cash in a savings account?
1 day 1 week 1 month 1 year 5 years 10 years
# of Days 26a 27a 28a 29a 30a 31a
4 for$4 Meal 26b 27b 28b 29b 30b 31b
Identify the LIE about Credit cards....
A. Are used to purchase goods and services.
B. Takes money from your checking account when used to pay for purchases.
C. Are subject to interest charges if the balance is not paid in full each month.
Credit Verses Debit
Which card requires you to have enough money at the time you pay for something?
Which card's balance can increase and accrue charges if you do not pay the entire amount each month?
Which card generally offers purchase protections against faulty goods?
Which card(s) may have fees associated with them?
Which card allows you to pay for unexpected emergencies when you do not have enough money?
What are the outcomes to be expected with overspending on your credit card? You need at least two outcomes for full credit
Debit to Income Ratio
After adding your total income, dividing the total monthly bills by the total income, and convert that to a decimal….What would you advise these individuals who are contemplating a large purchase?
Total Income
Total Monthly Bills
Percentage (divide by 100)
Billy $4000
$2800
?
TiQuan $5000
$4000
?
Nadaja $3000
$1000
?
39 (Billy). ________________________________
40 (TiQuan) ______________________________
41 (Nadaja) ______________________________
Which payment arrangement has the worst deal or the higher interest rate you must pay between the instalment loan or the rent to own arrangement?
What three things would you likely need an installment loan to purchase?
Explain how your credit rating would affect your interest rate applied to your installment loan.
Simply put, Finance is the management of ______________________.
Name 2 examples of items that fall under the category of a long-term financial goal.
47.Name 2 examples of items that fall under the category of a short-term financial goal.
48.. Which of the following statements about investing is FALSE?
On average, investing money in the stock market earns a higher return than putting money in a savings account.
Investing is best for long-term financial goals, like paying for retirement.
Investing is a guaranteed way to grow your money.
Investing is riskier than putting money in a savings account.
This is needed To Calculate Simple Interest (Interest = Principal x Rate x Time or I = P x R x T)
Remember to add the Simple Interest to the Principle to get the total to be paid.
Principle
Rate
Time
Interest
Total to be paid
$10,000
15%
5 years
49a
49b
$5,000
5%
8 years
50a
50b
is the purpose of financial insurance agencies?
Answers
Answer: n or f
Explanation:
ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.
Answers
ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.
What are investing activities.?Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.
To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.
The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.
The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.
Therefore, the cash flow from investing activities was Rs 44,000.
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Establishing an online professional network is an important tool for locating career opportunities in the twenty-first century.
False
True
Answers
Answer:
I say your answer option is true. I'm so sorry if my answer ends up being wrong. I tired my best
Answer:TRUE
Explanation:
What can be used to customize how the data is tracked in the Conversions
column
Answers
Answer:
The answer is "Include in Conversions setting".
Explanation:
It may or may not want to include information from a conversion action in your reporting row "Conversions." For each one of your transfer actions, you can set its configuration. So, how it can include some categories of conversions to not include others, therefore, it can use Conversions to change how well the data throughout the Conversions section is monitored.
In a freehold estate what describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources?
Answers
There are different kinds of estate. In a freehold estate immobility describes when the ownership includes all immovable structures attached to the land such as buildings, trees, and underground resources.
Freehold estates is known to be made up of 2 components. They are:
immobility: This is simply the ownership of all immovable structures that is attached to land. An indefinite ending: This is known to stay or exist for a lifetime.Freehold estates are simply known to be a type of estates that has indefinite lifetime and it can exist for a lifetime or forever.
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Label the parts of the Transactional Model.
Answers
Answer:
HOPE THIS HELP..PLZ MARK ME BRILLIENT
Explanation:
is the process of allocating the cost of a plant asset to expense while it is in use.
Answers
Answer:
Depreciation
Explanation:
HELPPPPPPPP PALEASEEEE
when investors jump into an
investment because it's pop- ular to do
Answers
A market they are familiar with and comprehend. A strong leadership team. Diversification of investments Scalability. Financial projections that look promising. Consumer interest demonstrations A thorough marketing strategy. Transparency.
What do investors do during the market crash?Down markets provide an opportunity for investors to investigate an area that beginner investor may overlook: bond investing. Government bonds are often regarded as the safest investment, despite their unappealing appearance and typically low profits when compared to stocks and even other bonds.
Investing is a good way to put your money to work and perhaps increase your wealth. Smart investing can help your money outperform inflation and grow in value. The strength of compounding and the risk-return tradeoff contribute to investing's higher growth potential.
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What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.
Answers
Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.
What is Marginal Utility used for?In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.
It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.
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An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt ________.
Answers
An automobile company decides to boost the standard of its products and produce more variety into its entire merchandise. the corporate has decided to adopt Industry wide Differentiation.
Industry-wide differentiation may be a technique employed by companies after they diversify their line of products to achieve unexplored sectors of the market and increase their chances of collecting higher revenue. Normally, this practice is dispensed by large entities with enough funds for investment and covering risks. Therefore an automobile company decides to boost the standard of its products and convey more variety into its entire line of products. the corporate has decided to adopt Industry wide Differentiation
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Which of the following expressions is equal to the total proceeds of a mutual fund? a. Net assets times number of shares b. Net asset value times number of shares c. Offer price times number of shares d. Profit minus investment.
Answers
There are different types of funds. The expressions is equal to the total proceeds of a mutual fund net is the asset value times number of shares.
A mutual fund is known to be a type of financial tool that is made up of a combination of money collected from many investors to invest in securities such as stocks, bonds, money market instruments etc.
A mutual fund's portfolio is known to be well laid out and maintained to meet up with the investment objectives as given in the bronchure. The Net asset value (NAV) is shown by a fund's per share market value.
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Answer: C. offer price times number of shares
hope this helps someone <3
When a restaurant chain, big burgers, launches its own brand of frozen meals, this is an example of a?
Answers
When a restaurant chain, big Burger, launches its own brand of frozen meals, this is an example of a Brand Extension.
When a company uses one of its brand names that is established it is said to be a Brand Extension. Resaurant chain, big burger when open its own brand in other locality is an example of brand extension.
Another name for Brand Extension is Brand Stretching. The basic strategy behind Brand Extension is to use the company’s already available equity to launch the new product. The new product is called Spin-off. Depending upon the type of customer you have and the target you want to achieve you can use any suitable type of brand strategy.
The five different Brand Extension strategies are
Line ExtensionComplementary product extensionCustomer base extensionCompany Authority ExtensionBrand lifestyle ExtensionBrand Extension strategy works when the new product is related to the parent product and is according to the demand of the customer.
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Which financial tool is most important when planning for your future financial goals? Enrolling in a high interest savings account Creating a budget Mortgaging a house Taking on extra debt.
Answers
The financial tool that is vital when planning for your future financial goals is creating a budget.
A budget simply means an estimate of the income and the expenditure of an economic entity for a particular period of time.
It should be noted that a budget is vital for an individual to plan his or her expenses. For example, if one wants to buy a car in the future, the person can make a budget for it.
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Answer:
Creating a budget
Explanation:
hello im Michal the fox how may tails i have three,two or,four
Answers
Answer:
2
Explanation:
when an organization has a strong and cohesive organizational culture that controls employee attitudes and behaviors, that company has a(n) culture
Answers
When an organization has a strong and cohesive organizational culture that controls employee attitudes and behaviors, that company has a strong culture.
The Importance of Strong Organizational Culture in Achieving Business SuccessOrganizational culture is a crucial factor that plays a significant role in the success or failure of a business. A strong and cohesive culture can help control employee attitudes and behaviors, create a sense of belonging and unity, and improve employee engagement and commitment. A strong culture can also help create a positive work environment, which can lead to increased productivity and profitability.
One of the key benefits of a strong organizational culture is that it helps control employee attitudes and behaviors. When employees share a common set of values, beliefs, and practices, they are more likely to align their behaviors with those of the organization. This can help improve overall performance and increase employee satisfaction and engagement.
A strong culture can also create a sense of belonging and unity among employees. When employees feel like they are part of a larger community, they are more likely to work together to achieve common goals. This can help foster collaboration and teamwork, which can lead to better problem-solving and decision-making.
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What do you think were the main concerns with the Olympus two-door sports coupe? Is there a market for a two-seat, $32,000 sports car when the RX-8 sells for significantly less? Evaluate the role of the marketing mix in the Olympus introduction. What are some of the marketing strategies auto manufacturers use to stimulate sales of certain makes of automobiles?
Answers
The main concerns of the sports coupe is that
They did not carry out good research of the marketThey also did not research the people that would buy the product.There is no market for the two seat car given that it would be better if it was a market that people knew with a cheaper price.
2. What is the role of the marketing mix?The role of the marketing mix has to do with the combination of price and the product. These two did not match properly in order to be able to take care of the need of customers and expectations.
3. Some of the strategies would be the use of social media and search engines. This would help to create the awareness for their products and create traffic.
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if the firm has 8 units of capital and the rental price of each unit is $9/day, what will be the firm’s profit? should it remain open in the short run?
Answers
The firm's total cost of capital will be $72 per day (8 units x $9/unit).
In order to determine the firm's profit, we need to know its total revenue. If we do not have this information, we cannot determine whether the firm should remain open in the short run.
In general, profit is calculated as total revenue minus total cost. So, if we assume the firm's total revenue is $100 per day, then its profit will be $28 per day ($100 - $72). However, if the firm's total revenue is less than $72 per day, then it will be operating at a loss and may not be able to remain open in the short run.
In summary, we cannot determine whether the firm should remain open without knowing its total revenue. If its total revenue is higher than its total cost, then it will be making a profit and may be able to remain open in the short run.
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what are the syptoms for neat freak
Answers
when you try to keep everything 100% clean
How can business decisions affect local community?
Answers
Incorporating small businesses into local government decisions can help ensure the small town culture within the community.
Small businesses will also participate and volunteer their time at fairs and festivals, working to connect with members of the community while sharing their services to a large audience.Who's your favorite music artist?
Answers
Answer:
well i like kpop but i cant seem to choose between the groups txt, nct and ateez
Explanation:
PLZ HELP ASAP 20 POINS FOR CORRECT ANSWER!!!!!!! Jonson Works in a retail store and updates all the sales records by the end of the day he needs to send the weekly sales report to his supervisor which type of data processing technique will he use to carry out his duties efficiently?
Johnson will use the__processing system to update the sales records send a weekly report to a supervisor
Answers
Answer:
data processing system
Answer: Transaction processing system
Explanation: im the ceo of apple
Harp music corporation manufactures violins, violas, cellos, and fiddles and uses a job-order costing system. what account should harp debit when the production manager has earned her salary?
Answers
Harp music corporation manufactures violins, violas, cellos, and fiddles and uses a job-order costing system. The Manufacturing Overhead account is the Harp debit when the production manager has earned her salary.
This is further explained below.
What is the cost of manufacturing overhead?Generally, The cost of manufacturing overhead, often known as MOH, is the aggregate of all the indirect expenses that are spent throughout the process of making a product.
Along with the expenses of direct materials and direct labor, it is included in the total cost of the finished product.
In conclusion, A work costing system is used in the production of stringed instruments by Harp Music Corporation, which includes violins, violas, clarinets, and fiddles. So when the project manager has received her wage, the Manufacturing Overhead account becomes negative in the Harp accounting system.
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A person who is involved in the process of creating and managing a business to achieve his or her desired objectives is engaged in
Answers
Answer:
entrepreneur
Explanation:
An entrepreneur is an individual who initiates the process of creating and managing a business entity with profit motives. They start with developing a business idea and transform it into a successful venture. Entrepreneurs assume the risks associated with starting a new business. They risk their capital, time, and energy with the expectation to make profits.
Entrepreneurs are creative and innovative people. They spot business opportunities where others don't. Entrepreneurs develop products and services that address the community's needs.
What determining factor do buyers use to
select products in a pure competition
market?
A. Quality
C. Profit
B. Brand
D. Price
Answers
Answer: D
Explanation:
Answer: In a pure competition market, the determining factor that buyers use to select products is price. Therefore, the correct answer is option D: price.
Explanation: In a pure competition market, the determining factor that buyers use to select products is price. In a pure competition market, there are many buyers and sellers, and the products offered by the sellers are largely the same. In this type of market, buyers will typically choose the product with the lowest price, as there is little difference between the products offered by the different sellers. Other factors, such as quality, brand, and profit, may also play a role in a buyer's decision, but in a pure competition market, price is typically the most important factor.
Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.
Answers
Answer:
did you finish it cuase i got the same one
Explanation:
Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.
What do you mean by Negative publicity?When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.
Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.
In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.
Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.
Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.
Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.
Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.
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Type a paragraph explaining how you have shown initiative in the past. Use proper grammar, spelling, and punctuation.
Answers
Answer: Your previous place of work or employment. A specific instance where you showed initiative. How your initiative impacted yourself or the company.
Explanation:
Centrifugal is a bike rental company operating in the UK. Centrifugal have two main customer groups:
Members who pay a monthly subscription fee and can use the bikes as often as they like during the month
Casual Riders who pay on per ride basis.
Data on the total number of rides over the past six months was collected and can be found on the Centrifugal Worksheet.
Last year the average number of daily Casual Rides was 500. Centrifugal has since increased promotion of their casual service. Conduct a test at the 10% level of significance to determine if the average number of casual riders has increased since then.
Week Day Total Bike RidesCasual Rides Member Rides
Answers
The company Centrifugal is bike rental company in the United Kingdom. Centrifugal has two main customer groups. The first group are Members who pay a monthly subscription fee and can use the bikes as often as they like during the month. The second group are Casual Riders who pay on per ride basis.
The given data states that the last year the average number of daily Casual Rides was 500. Centrifugal has since increased promotion of their casual service. So we need to conduct a test at the 10% level of significance to determine if the average number of casual riders has increased since then. The data collected over the past six months is given on the Centrifugal Worksheet. We need to find out if the mean of casual rides has increased or not.Let µ be the mean of daily Casual Rides, now our hypothesis will be:
H0: µ ≤ 500 (The average number of Casual Rides per day has not increased)H1: µ > 500 (The average number of Casual Rides per day has increased)We will use a one-tailed t-test to check the hypothesis at a significance level of α = 0.10. I am unable to include the worksheet image and calculation here but I can show you the steps you have to follow to find the solution.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
A loan of $990 was repaid at the end of 6 months with a check for $1,010. What annual rate of interest was charged? The annual rate of interest was charged at %. (Round to two decimal places as needed
Answers
The annual rate of interest charged is approximately 4.04%.
To calculate the annual rate of interest charged, we can use the simple interest formula:
Interest = Principal x Rate x Time
Given that the loan amount (Principal) is $990, the repayment amount is $1,010, and the time is 6 months, we can calculate the interest as follows:
Interest = $1,010 - $990 = $20
Now, let's calculate the annual rate of interest using the formula:
Rate = (Interest / Principal) x (1 / Time) x 100
Rate = ($20 / $990) x (1 / (6/12)) x 100
Rate ≈ 4.04%
Therefore, the annual rate of interest charged is approximately 4.04%.
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Inland water transport system does not exist in which state?
Answers
Inland water transport systems are used in many states throughout the United States. It is possible that some states may not have as developed or extensive an inland water transport system as others, but it is not accurate to say that any particular state does not have an inland water transport system at all.
Inland water transport systems in the United States generally include rivers, lakes, and canals. These systems are used for a variety of purposes, including transportation of goods, recreation, and hydroelectric power generation. Some examples of states with well-developed inland water transport systems include Minnesota, Arkansas, and Louisiana.