To discuss: Importance of human resources to the success of business.

Explanation of Solution
Human resource management is the process of managing the people in an organization. The workers and the employees are managed to accomplish the organizational goals and objectives. It has treated the people as an assets for the organization.
Many companies considers their human resources as a biggest investment. Human resources management nurture human investment so that it yields maximum possible returns. It can help the business by recruiting the best talents, promoting career development and improving organizational effectiveness.
Human resources helps to increase the productivity by implementing the tasks like training, induction, and recruitment which all help to make product better and thus, increasing customers’ satisfaction.
Want to see more full solutions like this?
Chapter 15 Solutions
BUSN
- Please provide answer this accounting questionarrow_forwardWhat is the accounting entry to close the sole proprietorship drawing account?arrow_forwardWhat is the result of the following transaction for Company A? Company A’s customer is unable to pay for a previous credit sale in accordance with Company A’s 90-day payment terms. The customer makes a promissory note to Company A that extends payment over a 24-month term including 5% interest. No result because the customer didn’t pay. Accounts receivable increases because of the interest. A note receivable is recorded in non-current assets. Company A records the loan as a liability.arrow_forward
- The income statement, which presents the results of operations, can be prepared in many forms including: Single Step Income Statement Condensed Income Statement Common Sized Income Statement All of the abovearrow_forwardWhat is the annotaion? Please help give some examples.arrow_forwardQUESTION 1 Rentokil Limited issued a 10-year bond on January 1 2011. It pays interest on January1. The below amortization schedule and interest schedule reflects this. Its year end isDecember 31. Requirements: a) Indicate whether the bonds were issued at a premium or a discount and explainhow you came to your decision. b) Compute the stated interest rate and the effective interest rate c) Prepare the journal entries for the following years:I. 2011, 2012 & 2018.arrow_forward
- Blueberry Corp. plans to tighten its credit policy. The new policy will decrease the average number of days in collection from 65 to 45, as well as reduce the ratio of credit sales to total revenue from 80% to 70%. The company estimates that projected sales will be 8% less if the proposed new credit policy is implemented. The firm’s short-term interest cost is 8%. Projected sales for the coming year are $32,000,000. Assuming a 360-day year, calculate the dollar impact on accounts receivable of Blueberry Corp. of this proposed change in credit policy.arrow_forwardwith introduction, conclusion, table, imagearrow_forwardCrane Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 9,970 $20,005 April 8,930 18,154 May 10,500 20,538 June 8,710 17,674 July 9,370 18,604 Using the information from your answer to above part, write the cost equation. (Round per unit produced answer to 2 decimal places (e.g., 2.25).) +A +$ per unit produced × Total costarrow_forward
- You have been hired as consultants to research, report and present to a senior management team interested in what is currently happening in the Caribbean market, over the last three years. The senior management team would like guidance based on the two scenarios presented below. This guidance should support their strategic policy decisions over 2-3 years. You are advised to make assumptions where necessary, based on your expertise as consultants in credit analysis and lending.Scenario 1: Gateway has a strong history of serving customers as Corporate Investment Managers in St.Lucia, St.Vincent and the Grenadines, St. Lucia and Trinidad. It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Gateway recognizes the need and demand for financing of Small Medium Enterprises. However, the Gateway management team realized that before it could scale up the capacity of its financial services department and introduce new lending…arrow_forwardHow can the new Inventory Management System break down existing departmental data habits to create seamless information sharing and collaboration across Production, Procurement, and Sales? What security controls and ethical considerations must be prioritised to ensure the integrity and confidentiality of inventory and sales data across all functional levels? How will you manage employee resistance and encourage user adoption of the new system, particularly among staff accustomed to legacy processes or manual record-keeping? In what ways could the integrated Inventory Management System support Green Fields’ strategic objectives, and how can the system be designed to scale potential international growth or diversification in product lines and markets? Are there any other consideration/s or issues, based on your Course Units reading, that Green Fields Manufacturing should be mindful of?arrow_forwardOn the 5th of the month, Greg Marketing pays its field sales personnel a 3% commission on the previous month's sales. Sales for March 2016 were $1,200,000. What is the entry at the end of March to record the commissions? A. Debit Sales - 36,000$; Credit Sales Commission Expense - 36,000$ B. Debit Sales Commission Expense - 36,000$; Credit Sales Commissions Payable - 36,000$ C. Debit Sales Commission Expense - 36,000$; Credit Accounts Receivable - 36,000$ D. Debit Sales -36,000$; Credit Sales Commission Income - 36,000$arrow_forward
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
