Person F opened a store using his own investment and employed two other persons. He predicted that business would make profit approximately after three years and after that person F would expand his business. To find: Sole Proprietorship be an appropriate form for person F’s business

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Describe the contemporary human resource perspectives HRM function needs people who can balance ethical and legal concerns with organizational needs Properly managed human resources can provide competitive advantage Many organizations outsource their HRM functions Outsourcing: Process of hiring external firms to handle basic HRM functions - Can provide a competitive advantage LO 1 2. Trace the evolution of the human resource function in organizations First study of management practice Based on scientific management, which was concerned with structuring individual jobs to maximize efficiency and productivity Many organizations created specialized units to hire new employees Human relations era Supplanted scientific management as the dominant approach during the 1930s Instigated by Hawthorne studies LO 2 Witnessed the growth of Abraham Maslow’s hierarchy of human needs and Douglas McGregor’s Theory X and Theory Y framework Personnel management Grew from the…

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Chapter 16, Problem 1IS

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Case summary:Person F opened a store using his own investment and employed two other persons. He predicted that business would make profit approximately after three years and after that person F would expand his business.

To find: Sole Proprietorship be an appropriate form for person F’s business

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