When a country creates new technology, it uses this new knowledge to produce commodities and services, increasing output per unit of input. In other words, employees can create things and services more quickly, more effectively, or for less money.
What are 3 main types of technology?
Machines that move are mechanical technology. Medical technology is another type, and includes ventilators, medication, and MRIs. Communication technology is the third type, and includes all types of tools used to communicate, from telegrams to telephones
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What is command economy known as?
A command economy is also known as a centrally planned economy.
A command economy is an economic system where the government makes all economic decisions, including what goods and services will be produced, how they will be produced, and to whom they will be distributed. This type of system is characterized by a high degree of government control and intervention in the economy, with little or no role for market forces. In a command economy, the government owns most of the means of production and makes decisions based on political and social considerations rather than on market demand. This type of economy is often associated with socialism and communism, but it can also be found in other political systems. Command economy is not very efficient and dynamic, it is often associated with low economic growth, lack of innovation, and poor living standards.
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The agriculture industry in the U.S. has changed from millions of ______________ farms to fewer _____________________ farms.
The agriculture industry in the U.S. has changed from millions of small farms to fewer large scale family farms.
Why is it called a "farm"?In the late Middle Ages, it was typical to rent or lease agricultural land for a set monetary sum rather than a percentage of the crop. It was called ferme, or farm in modern English, the amount that needed to be paid.
Which farm kind is the most typical?Intensive subsistence agriculture, which heavily relies on animal power and is widely used in the humid, tropical regions of the world, is the most prevalent style of agriculture worldwide.
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over the last five years, argo stock has had annual returns of 10%, 20%, -14%, 2%, and 18%. what is the average annual stock return?
The average annual stock return over the last five years is 7.2%.
in order to find the average annual stock return over the last five years, we add up the returns for each year and divide by the number of years. In this case, the returns for the last five years are 10%, 20%, -14%, 2%, and 18%. So we add them up: 10+20+(-14)+2+18 = 36. Then we divide that number by the number of years (in this case, 5) to get the average return: 36/5 = 7.2%. So the average annual stock return over the last five years is 7.2%.
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Which one of the following questions involves a capital budgeting decision?
Multiple Choice How many shares of stock should the firm issue?
Should the firm purchase a new machine for the production line?
Should the firm borrow money to acquire new equipment?
How much inventory should the firm keep on hand?
How much money should be kept in the checking account?
The one of the following questions involves a capital budgeting decision How many shares of stock should the firm issue?
Which of the ensuing inquiries required a capital budgeting choice?decision regarding the opening of a new store.
Which of the following questions includes a choice about capital budgeting?calculating the appropriate amount to borrow from a specific lender.
What decision falls under the capital budgeting category?Making the best judgments is aided by capital budgeting. It include decisions regarding expansion plans, mergers, and replacements but excludes those pertaining to inventory.
Which example from the list below best represents a capital budgeting decisionMCQ?Making decisions on the capital budget is an element of a company's entire financial management process. Capital budgeting decisions include things like building a new factory, buying large manufacturing equipment, or making a substantial investment in an outside company.
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a company manufactures potato guns. the fixed cost of producing potato guns is $20 and the variable cost of producing a single potato gun is $2. if x is the quantity of potato guns produced, what is the cost function for the company?
Answer: 2x + 20
Explanation:
Hence the fix cost will remain constant irrespective of the level of the production. The point here is the it will remain same.
The variable cost is the one which we require for every additional unit of production. here for one unit it will be 2 for 2 units it will be 2 multiply by 2 and for x units it will be 2x.
The total cost equals Fixed cost + variable cost
so our equation will be 2x + 20.
Administrative agencies have the power to investigate: Potential violations of any administrative law or federal statute. Potential violations of applicable state or federal statutes. Potential violations of the agency's rules or applicable statutes.
Administrative agencies have the authority to look into: Potential infractions of the agency's regulations or relevant laws.
Which administrative agency do you mean?The basic definition of an administrative agency is an official government body with the power and responsibility to oversee, direct, and carry out specific laws or ordinances. The word "agency" does not appear in the titles of all administrative agencies. a government agency with the power to create more exacting and complex rules than are conceivable in a legislative environment in order to carry out legislative mandates. Law enforcement duties are carried out by numerous administrative organisations. The President is generally in charge of administrative agencies.
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Angela noticed an interest among her friends and colleagues in wearing high-end watches and other jewelry for special occasions, so she started a company where customers could rent high-end jewelry. Angela is__________
Option c: cashing in on the sharing economy. Angela is cashing in on the sharing economy.
The sharing economy is an economic model defined as peer-to-peer (P2P)-based activities of obtaining, providing, or sharing access to goods and services, often facilitated through online community-based platforms.
The sharing economy includes short-term peer-to-peer transactions to share the use of unused assets and services and to facilitate collaboration.
The sharing economy often involves some kind of online platform that connects buyers and sellers.
The sharing economy is growing and evolving rapidly but faces significant challenges in the form of regulatory uncertainty and concerns about abuse.
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Complete question:
Angela noticed an interest among her friends and colleagues in wearing high-end watches and other jewelry for special occasions, so she started a company where customers could rent high-end jewelry. Angela is
a. considering ways to adapt a product or service to meet customer needs in a different way.
b. offering products through a subscription service.
c. cashing in on the sharing economy.
d. imagining how a market for a product could be creatively expanded.
what are generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service?
Porter's 3 Generic Strategies are generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service. The example of Porter's 3 Generic Strategies are broad cost leadership; broad differentiation; focused strategy.
In economy and business, General Strategy generally can be defined as how a specific objective will be achieved, with well-thought-out plans. Generic strategies has a focus on on ends and means. End has a meaning as objectives and results, while means has a meaning as the resources we have to achieve the objectives. There are several example of porter's generic strategies, such as Cost Leadership Strategy, Differentiation Strategy, Cost Focus Strategy, and also Differentiation Focus Strategy.
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suppose managers in an organization decided to hand out computers and allow employees to work from home (wfh) with out making any other formal changes in organizational strategy or business strategy what might be the outcome? what unintended consequences might occur?
This business plan, according to the claim, is the driving factor underlying both organisational and information strategies.
What does an IT company's information management strategy triangle look like?The Systems Engineering Strategy Triangle is a simple conceptual framework for understanding the impact of information systems on businesses. A well-defined business plan is a sign of a successful company. This business strategy has an impact on both the organisational and information strategies.
As a result, an organization's network resource management must be consistent with its strategic goals. Both the business strategy and/or the organisational strategy should be supported by the information system.
Therefore, the commercial objectives of the company affect every choice.
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What type of economy let private individuals or groups of private individuals own and operate the means of production?
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
The private and public sectors coexist in a mixed economic system. There is enough economic freedom for the private sector to decide how to deploy capital and maximize earnings. It permits the government to intervene in certain economic activities and industries at the same time.
Capitalism is an economic and political system in which private people or corporations own the factors of production. Their judgments are governed only by the desire to make a profit.
Capitalism is based on individual initiative and prefers market processes over government involvement whereas socialism is based on government planning and limits on private resource control. When left to their own devices, economies tend to mix components of both systems.
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What are the effects of increased unemployment?
Increased unemployment can have a number of negative effects on individuals, families, communities, and the overall economy. Some of the most significant effects include:
1)Reduced income and standard of living: When people lose their jobs, they may not have enough money to pay for basic needs such as housing, food, and healthcare, which can lead to poverty and financial hardship.
2)Loss of purchasing power: Unemployment can reduce the amount of money that people have to spend, which can lead to a decrease in consumer spending and economic growth.
3)Decrease in economic growth: When people are unemployed, they are not producing goods and services, which can lead to a decrease in economic growth and productivity.
4)Higher government spending: Increased unemployment can lead to higher government spending on social welfare programs and unemployment benefits.
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What are the reasons why mixed economy is better than traditional economy?
The reasons why mixed economy is better than traditional economy are:
The term "mixed economy" refers to a system of government and business. The exact proportions of the two might vary substantially from one mixed economy to another. In a traditional economy, the government owns and manages all resources. Private persons are permitted to own and manage some of the production components in a mixed system. Private persons are permitted to freely possess and exchange all economic resources in free market economies.
Mixed economies focus on providing for a lot more liberties than traditional economies do, including the right to control the means of production, participate in managerial decisions, buy, sell, hire, and dismiss people as needed, as well as the freedom for employees to unite and peacefully protest. In mixed economies with high levels of government engagement and spending, services including library, education, clinics, highways, utilities, legal assistance, safety, and social security are levied.
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What was the hawley smoot tariff and how did it backfire
The Smoot-Hawley Act increased tariffs on foreign imports to the U.S. by about 20%.
The Tariff Act of 1930 (codified at 19 americaC. ch. four), typically referred to as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, become a law that implemented protectionist change rules in the usa. subsidized by Senator Reed Smoot and consultant Willis C. Hawley, it was signed by way of President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported items.
The price lists underneath the act, with the exception of responsibility-loose imports (see Tariff degrees underneath), had been the second maximum in American records, surpassed by way of handiest the Tariff of 1828. The Act brought about retaliatory tariffs through affected states towards the united states. The Act and price lists imposed by using America's buying and selling partners in retaliation were the most important elements of the discount of yank exports and imports by means of sixty seven% at some point during the depression.
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What is a statement a President issues with the intent to influence the way a specific bill the president signs should be enforced?
Presidential signing statements are official pronouncements issued by the President of the United States at or near the time a bill is signed into law.
What is Presidential signing statements?A written proclamation made by the President of the United States when a measure is signed into law is known as a signing statement. They are typically included in United States Code Congressional and Administrative News with the bill (USCCAN). The declarations start with language like "This bill, which I have signed today," and then go on to give a brief summary of the legislation and frequently several lines of political commentary.
Presidents typically utilise these remarks to highlight the bill's positive and negative features as well as how it aligns with their administration's policy objectives. The president frequently explains in his signing remarks why he is vetoing the law or defines or clarifies any parts of the bill that he deems to be unclear.Compilation of Presidential Documents: The official publications of documents made available by the White House Press Secretary make up the Compilation of Presidential Documents collection. Acts approved by the President, White House news releases, summaries of White House announcements, Senate nominees, and Presidential Signing Statements are among the documents included in the Compilation.
Public Papers of the Presidents: This collection of official documents include the writings, addresses, and remarks of the Presidents. If you're looking for a Presidential Signing Statement, these materials, which are arranged by president, can be useful.
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Interview a local business owner. Find out what he or she feels about government regulations that affect his or her business.Ask how the business owner would change government policies and programs.
To interview a local business owner and find out what he thinks about government regulations that affect his business, you should institute a structured script to find out what his thoughts are and whether he would change those policies.
What should an effective interview look like?The questions must be formulated in line with the theme, so as not to leave room for ambiguities or subjectivities that deviate from the subject or make it difficult to understand the answers.
Therefore, you can develop questions for the local business owner about environmental laws, such as the Clean Air Act (CAA) for example and how it affects his company, what measures he should take, if he agrees or would change something in this law.
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psychological needs are those for necessities such as safety, security and health. state of tru or false
1. Trus
2. False
Psychological needs are those for necessities such as safety, security and health is true.
The focus of the maturity stage (stage 3) in the product life cycle is to develop customer satisfaction and understand competitors entering the market. Psychological needs are those for necessities that include safety, security, and health. The term manufacturing refers to the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.
Manufacturing allows businesses to sell finished products at a higher cost than the value of the raw materials utilized and processed in order to create the perfect one.
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Heidi and her family took a vacation. Heidi placed the hotel room charge of $689 on her credit card. She paid the minimum of $20 a month for 49 months. At an interest rate of 18%, she paid $287. 90 in interest.
At an interest rate of 18%, Heidi spent 976.90 on the hotel room.
What is interest rate?Interest rate is the amount that the lender charges the borrower in addition to the principal. In terms of recipients, those who deposit money in a bank or financial institution also get an additional income known as interest rate received from the depositor, given the time value of the money.Interest rates tell you the cost of borrowing and the return on your savings. So if you are a borrower, the interest rate is the amount charged to borrow money, expressed as a percentage of the total loan amount.The interest rate indicates the exact amount of interest a person earns or pays on a loan.To learn more about interest rate from the given link :
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Question:
Heidi and her family took a vacation. Heidi placed the hotel room charge of $689 on her credit card. She paid the minimum of $20 a month for 49 months. At an interest rate of 18%, she paid $287.90 in interest.
How much did Heidi spend on the hotel room?
Assume the following information for a merchandising company:
Number of units sold 20,000 Selling price per unit $ 30
Variable selling expense per unit $3. 3
Variable administrative expense per unit $2. 8
Fixed administrative expenses $50,000
Beginning merchandise inventory $24,000
Ending merchandise inventory $19,000
Merchandise purchases $340,000
What is the contribution margin?
Total contribution margin of the given information for a merchandising company is $127000.
What does "contribution margin" mean?The money left over after sales after all variable costs related to producing a product has been paid is a company's contribution margin, often known as the gross margin. The contribution margin demonstrates how much more money is made by producing each extra unit of a product once the business has achieved breakeven. It indicates the fraction of sales revenue not used to pay variable expenditures, which helps to cover fixed costs. Your net income or profit is obtained by deducting fixed expenses from your contribution margins, such as rent, equipment leases, and employee pay.
Given:
Sales (20000×30) 600000
Cost of goods sold (24000+340000-19000) 345000
Variable selling expense 74000
Variable administrative expense 54000
Contribution margin 127000
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Ivan has inherited his grandmother’s 1963 Chevrolet Corvette, which he values at $45,000. He decides that he might be willing to sell it so he posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000. Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? What is the total economic surplus?
Ivan will receive $55,000. Ivan's cost: $45,000 in car benefits. Benefit to Samantha: Willing to pay $72,000. Cost of Samantha: $55,000. Both would consent to the conversation.
What is an example of expense in business?A business must pay a cost in order to supply a product or a service to its clients. These costs include of items like investments for equipment replacement and storefront rent.
What advantages does cost have for business?Making informed business decisions requires having a clear understanding of your expenses. It helps you determine how to set prices and how effective your company is. But precise costing is challenging. The competitive advantage that one business can obtain over another by lowering manufacturing or marketing expenses, or both, in order to provide lower pricing or to use surplus earnings to support promotion or distribution.
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a company with working capital of $600,000 and a current ratio of 3.25 pays a $200,000 short-term liability. the amount of working capital immediately after payment is
The amount of working capital immediately after payment is $400,000.
Working capital is calculated by subtracting total current liabilities from total current assets. In this case, since the company has a current ratio of 3.25, we can assume that their total current assets is 3.25 times their total current liabilities. So, total current assets = 3.25 * $200,000 = $650,000.
Then, working capital = $650,000 - $200,000 = $400,000. So, the amount of working capital immediately after the payment of the $200,000 short-term liability is $400,000.
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What is included in federal income tax?
Earnings, commissions, sales, bonuses, gratuities, investment income, and some types of unearned income are all included in federal income taxes.
For people, corporations, and other legal organizations, the federal income tax is a tax imposed on yearly profits. The federal income taxes are payable on all compensation, including wages, cash gifts from employers, corporate profits, bonuses, and unemployment benefits.
The greatest source of money for the federal government is the federal income tax. Programs and services funded by federal income taxes are aimed at helping taxpayers. These include the national defense, veterans' affairs, foreign policy, law enforcement, housing, food, and aid programs, as well as interest on the national debt. benefits and pensions for government employees, Education, health, agriculture, public transportation, and emergency disaster relief improvements.
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___ systems report on various segments or business units of the company.
Managerial Accounting
Budget
Controlling
Creditors
Managerial Accounting systems provide information on numerous business divisions or sectors inside the firm. The right response in this case is option A.
Managerial accounting is a type of accounting that provides financial information to internal stakeholders, such as managers and employees, to help them make decisions and manage the operations of the company.
Managerial accounting systems provide information on various segments or business units of the company, such as sales, production, and marketing, to help managers understand the performance of different parts of the business. This information is often used to develop budgets, control costs, and improve efficiency.
Budgeting refers to the process of creating financial plans for future activities, it is an important aspect of managerial accounting.
Complete question:
___ systems report on various segments or business units of the company.
A - Managerial Accounting
B - Budget
C - Controlling
D - Creditors
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What is the best source for economic data?
The best source for economic data depends on the type of data needed and the region of interest.
What do you mean by economic data?
Economic data is data related to the economic activity of a country, region, or other economic unit, such as gross domestic product (GDP), unemployment rate, inflation rate, etc. It includes data on economic indicators, such as consumer spending, business investment, government spending, and international trade. Economic data is used to make informed decisions about the current state of the economy and its future direction.
The US Bureau of Economic Analysis, US Census Bureau, and Federal Reserve Bank of St. Louis are all reliable sources of economic data. The World Bank, International Monetary Fund, and the Organization for Economic Co-operation and Development are all reliable sources of global economic data.
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Who are considered entrepreneurs?
Entrepreneurs are people who take up the risks and benefits associated with starting a new firm.
Does having a college degree make you a successful entrepreneur?Although there aren't any prerequisite degrees for starting a business, getting one could help you achieve your objectives. Getting a degree enables entrepreneurs to broaden their knowledge and acquire important ideas that they employ on a daily basis.
Does an entrepreneur's success depend on their age?According to a study, being older is actually a stronger indicator of success in business, and three additional characteristics—strong liquid intellect, high openness, and medium agreeableness—are also substantially associated with success.
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with digital marketing, you can provide customers personalized communication directly through channels such as email and social media. which advantage of digital marketing does this represent?
Your outcomes are simple to quantify, You can establish connections with clients and Results appear more quickly.
What is digital marketing?Digital marketing, also referred to as online marketing, is the practice of promoting brands over the web and other digital communication channels. This includes email, social media, web-based marketing, text and multimedia messages, and other marketing channels.
Using the Internet, other online-based digital technology, such as desktop and portable computers, in addition to other digital media and platforms, digital marketing promotes products and services. Digital marketing, also referred to as online advertising, is the process of promoting companies over the internet and other digital communication channels.
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at the beginning of 2022, ironwood company had assets of $220,000 and liabilities of $132,000. during 2022, assets increased $21,000 and liabilities increased $4,400. what was stockholders' equity at december 31, 2022?
The stockholder's equity will be $104600 on December 31.
How do you figure out the overall shareholder equity?Equivalent to Total Assets - Total Liabilities is Shareholders' Equity. The aforementioned equation is known as the fundamental accounting equation and is fairly simple to apply. The value of all obligations is subtracted from the total amount of assets on the balance sheet. Total assets, which include marketable securities, are the sum of all current assets.
What are the company's two equity funding sources?Paid-in capital is one of two primary sources of shareholders' equity. Compensated capital is the amount of money acquired by a business via the sale of its stock. These funds are frequently where stockholders' equity starts. Over time, businesses might sell more stock to fundraise for a variety of purposes.
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ou are facing two business opportunities with the following cash flows: (1) investing (spending) $1000 today, receiving $500 after three months, $450 after six months, and $400 after nine months. (2) investing (spending) $1250 today, receiving $600 after three months, $550 after six months, and $500 after nine months. which is a better investment if the nominal annual rate is 6% and compounding is done quarterly?
Investing $1250 today, and receiving $600 after three months is a better investment if the nominal annual rate is 6% and compounding is done quarterly.
The periodic interest rate is multiplied by how many times in a year to produce the nominal interest rate, often known as that of an annualized total percentage or APR. Using monthly compounding, a nominal yearly interest rate of 12%, for instance, equals a monthly interest rate of 1%. (compounded).
The nominal interest rate, which denotes the real monetary cost borrowers pay creditors to use their money, is the stated yield curve of a bond or loan. If a loan's nominal interest rate is 5%, borrowers can anticipate paying $5 in interest for every $100 they are loaned.
The cost of borrowing before accounting for inflation is referred to as the nominal interest rate. The advertised or quoted rate of return on a loan is another example of nominal.
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what is the net price of an item with a $1,200.00 list price having a 60% trade discount?
Answer:
480.00
Explanation:
adopting the special drawing right (sdr) as a reserve currency might possibly occur if the united states was to operate continuous bad economic policy in the form ofadopting the special drawing right (sdr) as a reserve currency might possibly occur if the united states was to operate continuous bad economic policy in the form of
Adopting the special drawing right (sdr) as a reserve currency might possibly occur if the United States was to operate continuous bad economic policy in the form ofadopting the special drawing right (sdr) as a reserve currency might possibly occur if the united states was to operate continuous bad economic policy in the form of currency depreciation, high inflation, deficit spending. option d.
The adoption of Special Drawing Rights (SDR) as a reserve currency is a potential outcome of persistent poor economic policy in the United States.
This includes currency depreciation, high inflation, and deficit spending. If these policies remain in place, the adoption of SDRs could become a more viable option as a reserve currency.
SDRs are an international reserve asset created by the International Monetary Fund to supplement existing reserve currencies, and they are backed by a basket of major global currencies.
With the potential of the US economy failing to stabilize, SDRs could become a more attractive option for international banks and financial institutions.
Although a part of your question is missing, you might be referring to this question:
Adopting the special drawing right (sdr) as a reserve currency might possibly occur if the united states was to operate continuous bad economic policy in the form ofadopting the special drawing right (sdr) as a reserve currency might possibly occur if the united states was to operate continuous bad economic policy in the form of
a) currency depreciation.
b) high inflation.
d) All of these are correct.
c) deficit spending.
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true or false: it is inappropriate for hrm to take any role in evaluating or implementing a merger or acquisition.
The statement " It is inappropriate for HRM to take any role in evaluating or implementing a merger or acquisition." is false.
Give a brief account on Human resource management.The process of discovering, choosing, deploying, and supervising employees for a corporation is identified as human resource management (HRM). HRM, or human resources, is another term for it (HR). A company's or organization's HR department is often in charge of creating, enforcing, and overseeing the rules governing workers and the relationship between the business and its employees. The term "human resources" was first used in the early 1900s to collectively refer to all of the people that work for the company, and it gained popularity in the 1960s.
In order to maintain or enhance the health of the organization, HRM is an essential component. In order to keep the company competitive, HR managers might also keep an eye on the labor market. This could involve ensuring that pay and benefits are equitable, organizing events to prevent burnout, and changing employment positions to reflect the market.
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