The first statement is true. Safety is a critical part of every employee's performance goals. Human Resource management is responsible for ensuring that all employees are safe in the workplace.
This includes providing training on safety procedures, enforcing safety rules, and investigating accidents.When employees feel safe, they are more likely to be productive and engaged in their work.
True. Employee personality can affect susceptibility to stress. Type A personalities are more likely to experience stress than Type B personalities. Type A personalities are characterized by a sense of urgency, a need to achieve, and a competitive nature. Type B personalities are more relaxed and laid-back.
False. Establishing a zero-tolerance policy toward workplace aggression has been found to decrease employee stress. A zero-tolerance policy sends a clear message that workplace aggression will not be tolerated. This can help to reduce stress levels by making employees feel safe and secure in the workplace.
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Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. A popular pastime among older Chinese men is to take their pet birds on daily excursions to teahouses and public parks where they meet with other bird owners to talk and play mahjong. A great deal of attention is lavished on these birds, and the birdcages are often elaborately constructed from exotic woods and contain poreclain feeding bowls and silver roosts. Gold Nest Company makes a broad range of birdcages that it sells through an extensive network of street vendors who receive commissions on their sales. The Chinese currency is the renminbi, which is denoted by Rmb. All of the company's transactions with customers, employees, and suppliers are conducted in cash; there is no credit.The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. At the beginning of the year, it was estimated that the total direct labor cost for the year would be Rmb200,000 and the total manufacturing overhead cost would be  Rmb 330,000 . At the beginning of the year, the inventory balances were as follows:During the year, the following transactions were completed: a. Raw materials purchased for cash,  Rmb 275,000 . b. Raw materials requisitioned for use in production,  Rmb 280,000  (materials costing Rmb220,000 were charged directly to jobs; the remaining materials were indirect). c. Costs for employee services were incurred as follows: d. Rent for the year was  Rmb 18,000 Rmb 13,000  of this amount related to factory operations, and the remainder related to selling and administrative activities). e. Utility costs incurred in the factory,  Rmb 57,000 . f. Advertising costs incurred,  Rmb 140,000 . g. Depreciation recorded on equipment,   Rmb 100,000. Rmb 88,000  of this amount was on equipment used in factory operations; the remaining Rmb 12,000  was on equipment used in selling and administrative activities.) h. Manufacturing overhead cost was applied to jobs, Rmb ________. i. Goods that had cost Rmb 675,000  to manufacture according to their job cost sheets were completed. j. Sales for the year totaled   Rmb 1,250,000 . The total cost to manufacture these goods according to their job cost sheets was  Rmb 700,000 .
(d) Prepare an income statement for the year. (Do not prepare a schedule of cost of goods manufactured; all of the information needed for the income statement is available in the journal entries and T-accounts you have prepared.)
These birds receive a lot of care, and their cages are frequently intricately built from exotic woods and furnished with silver roosts and porcelain food bowls. The Gold Nest Company manufactures a wide selection of birdcages that it distributes via a vast network of street sellers who are paid commissions on purchases. The renminbi, represented by the letter Rmb, is the currency of China.
Finished goods Inventory 550000
What is balance in the Manufacturing Overhead account to Cost ?
At the end of the year, any remaining balance in the manufacturing overhead account (over or under-applied manufacturing overhead) is either distributed among the cost of finished goods, cost of work in progress, and cost of goods sold accounts, or the entire balance is transferred to the cost of goods sold account. Manufacturing overhead, also known as factory overhead, factory burden, and manufacturing support costs, describes the unavoidable expenses a business faces when producing a good. To value and report Inventory and Cost of Goods Sold in accordance with generally accepted accounting standards, the cost of manufacturing overhead must also be allocated to each unit produced in addition to expenditures like direct material and direct labor (GAAP).Manufacturing expenses include items like the power needed to run the firm's machinery, the building's depreciation, the cost of manufacturing supplies, and the wages of factory workers (other than direct labor). The determination of a product's profitability depends on how these expenses are allocated to various products.Nonmanufacturing costs, often known as administrative overhead, are expenditures incurred by a company that are unrelated to the actual manufacturing process. Selling, General and Administrative (SG&A) Costs and Interest Expense are examples of non-manufacturing costs in accounting and financial jargon. These costs are not included in inventory or the cost of products sold since accounting procedures do not see them as product costs. Instead, at the moment of incurrence, nonmanufacturing expenditures are only recorded as expenses on the income statement.Trn. Account Titles Debit (Rmb) Credit(Rmb)
a) Raw Material Inventory 150000 Cash 150000
b) Work in process Inventory 135000
Manufacturing overhead 23000
Raw material Inventory 158000
c) Work in process Inventory 100000
Manufacturing overhead 40000
Sales commision 22000
Salaries expense 35000
Cash 197000
d) Manufacturing overhead 30000
Rent Expense 6000
Cash 36000
e) Manufacturing overhead 90000
Cash 90000
f) Advertising Expense 88000
Cash 88000
g) Manufacturing overhead 66000
Depreciation Expense 14000
Accumulated depreciation 80000
h) Work in process Inventory 250000
Manufacturing overhead 250000
[275,000/110,000] × 100,000 (Direct labor)
i) Finished goods 490000
Work in process Inventory 490000
j) Accounts Receivable 995000
Sales 995000
j. Cost of goods sold 550000
Finished goods Inventory 550000
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Office Procedure
a) Encplain the meaning and need of office procedure:
Answer:
Meaning of Office procedure:Office procedure is the combination of two words : office and procedure. Office means the place where overall administrative and clerical functions are performed for achieving organizational goals. Procedure means a series of actions conducted in a certain manner, an established way of doing something, a process of making decision and the specific way of performing official task which is set by the office as per organizational objectIves for getting decision from authorized level.
The process of getting decisions from the authorized level in order to perform a specific official task as per the objectives set by office or organization is called office procedure.
Need of office procedure:It is necessary for an organization to carry out the official activities following certain procedures. These procedures are adopted in a systematic way by considering rules and policies of the organization. The following points highlight the importance or need of office procedures:
Effective office performanceIt provides a necessary guidance about official system. So , it supports to perform the official jobs in a simple and uniform way.
Brings flexibilityOffice procedures involve the provision of flexibility in official activities. It is the reason that it supports to perform the organizational activities in a flexible and effective manner.
Support to subordinatesIt involves necessary information of past and present performance of office. It provides support to involve the subordinate level staff in decision making process. It increases the commitment of lower level staff.
Develop participatory approachIt facilitates to develop participatory approach for solution of official problems. It considers the opinion , ideas and information provided by the subordinate level staff in decision making process.
Fulfill legal requirementIt involves systematic and safely preservation of valuable official documents in proper files. Whenever any documents are required to government officials it can be provided within proper time. Therefore, it facilitates to fulfill legal procedures and requirements.
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Enterprising people will make good office workers.
A.True
B. False
Answer:
A.True
Explanation:
Enterprising means having or showing initiative and resourcefulness making it helpful in a office.
Microeconomics looks at the ______
relationship between consumers and
producers and how this relationship affects the economy.
Answer:
economy
Explanation:
Microeconomics examines the economic relationship between producers and consumers and its impact on the economy.
Microeconomics refers to the study of decision-making by individuals and businesses, while macroeconomics focuses on the decisions made at the national and governmental levels.
As consumers require goods and services, producers aim to make a profit from providing them.
The economic choices are influenced by factors such as prices, demand, and supply. Ultimately, determining the cost of products and services is the responsibility of both parties involved.
The economy of a society is built on the creation of wealth through selling and purchasing. Producing and consuming are done by consumers and producers respectively. Therefore, the economic relationship is the correct answer.
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1. If the iPhone increases from $800 to $900, what does this do to demand?
A. Decreases Demand.
B. Decreases the Quantity Demand
C. Increases Demand
D. Increases the Quantity Demand
2. The price of gas is expected to increase later in the year. What will happen to the demand for SUVs later in the year?
A. Demand Increases
B. No change in demand
C. Demand Decreases
D. Quantity of Demand Decreases
3. The government has imposed a new regulation for car companies to install baby seat anchors to support baby seats in all new cars produced. How does this change supply for cars?
A. Does not impact supply
B. Decrease Supply
C. Decreases Quantity Supply
4. Papa Johns has a sale on pizzas, how does that impact demand?
A. Increases the Quantity Demand
B. Decreases the Quantity Supplied
C. Decreases Demand
Answer:
1)B
2)C
Explanation:
explain the role of director of board of directors in public company. 
four points
Explanation:
The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.
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answers for question 11!!!!
 
                                                Answer:
C!!
Explanation:
Two Major Types of Markets • Consumer Market -- All the individuals or households that want goods and services for personal use and have the resources to buy them. Business-to-Business (B2B) -- Individuals and organizations that buy goods and services to use in production or to sell, rent, or supply to others.
Thinking and note-taking Discuss the effects of advertising on your day-to-day life with a partner.
Organize your ideas in the diagram. Use your notes from your brainstorming on topic vocabulary
about advertising in activities 1 and 2.
Opinions
Reasons
Education
Facts / Examples
 
                                                The discussion of the effects of advertising on your day-to-day life with a partner is done below:
Opinions: Advertisers try to make people seem miserable if they do not make use of their product.
Reasons: This is seen in the types of ads that are used as bandwagon fallacy is one of the most popular which tells you that since a large number of people are using the product, why should you be left out?
Education: There are different ways of disseminating these adverts and they can be done through TV, billboards, social media, etc
Facts / Examples: A company selling toothpaste can make an advert with the caption, "If 20 million people trust our product, you should too" and then someone with pure white teeth flashes a smile.
What is Advertising?This refers to the creation of awareness for a particular product so that people would come and purchase the product.
Hence, we can see that the discussion of the effects of advertising on your day-to-day life with a partner is done above.
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A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax
A regressive tax is a tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.
What is regressive tax?When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.
Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.
Thus, option D is correct.
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(This class is called life management)
A basic decision that you make every day about every day things are known as:
A) Major Decisions
B) Routine Decisions
C) Classic Decisions
D) Life altering decisions
Answer:
B is answers for the question
Explanation:
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Comparing traditional view of the cost of variability and Taguchi's view of cost of variability,
a)Both views are about the same.
b)Traditional view holds that as long as the product is within specification, there is no difference.
C)Taguchi's view holds that closer to the midpoint of specifications better it is.
d)B and C are true.
e)None of the above.
Dominic's seller clients want him to lower his commission rate. what's the best way for him to reply?
To reply to his seller clients who want him to lower his commission rate, Dominic can follow these steps:
 Acknowledge the request: Dominic should start by acknowledging the request from his seller clients. He can say something like, "Thank you for bringing up your concerns about my commission rate ."Understand their perspective: Dominic should try to understand why his clients are asking him to lower his commission rate. He can ask questions or have a conversation to gain more insight into their concerns and motivations.
Explain the value he provides: Dominic should emphasize the value he brings to the table as a real estate agent. He can mention his experience, knowledge of the market, negotiation skills, and ability to sell properties quickly and at favorable prices.Discuss the market conditions: Dominic can explain how the current market conditions impact his commission rate. He can mention factors such as supply and demand, competition, and the overall state of the real estate market.
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.Money is often standardized in appearance true or false
True, this is the right answer.
PLZ HELP MEEEEEEEEEE
 
                                                Answer:
D
Explanation:
Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answer:
D....U.S. Treasury Bonds!
U deccided you wantt to follow a careeer at TVET collegge affter
completing grade 9 at end of year. Could this be consider as a
option? Motivate your answer.
Some reasons to motivate this decision: Practical Skills Development, Diverse Career Options, Job Market Demand, Practical Experience and Industry Connections and Progression Opportunities.
Choosing to pursue a career at a TVET (Technical and Vocational Education and Training) college after completing grade 9 can certainly be considered as a viable option.
Practical Skills Development: TVET colleges offer hands-on training in specific trades, occupations, and technical skills. By enrolling in a TVET program, you have the opportunity to gain practical skills that are directly applicable to the workforce. Diverse Career Options: TVET colleges offer a wide range of programs across various industries and sectors. Whether you're interested in automotive, construction, hospitality, healthcare, or information technology, there are numerous career paths to choose from. Job Market Demand: Many industries and sectors require skilled workers to fill in-demand positions. By pursuing a career through TVET, you can align your education and skills with the needs of the job market. Practical Experience and Industry Connections: TVET colleges often collaborate with industry partners to provide students with practical experience, internships, and apprenticeships. Progression Opportunities: After completing a TVET qualification, you may have the option to continue your studies at a higher level, such as pursuing a diploma, an advanced certificate, or even a degree.For such more question on Development:
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You feel you need to make impressions per day with 5,000 people and get about 50 clicks per day to get your business going. FacePage/InstaPic charges about $0.01 per impression and $2 per click.
Answer:
Total money get = $150
Explanation:
Given:
Total impression = 5,000
Number of clicks = 50
Cost per impression = $0.01
Cost per click = $2
Find:
Total money get
Computation:
Total money get = Total impression(Cost per impression) + Number of clicks(Cost per click)
Total money get = 5,000(0.01) + 50(2)
Total money get = $50 + $100
Total money get = $150
When the great depression first began, what did herbert hoover propose as an economic solution?.
When the great depression first began, herbert hoover propose cutting taxes as an economic solution. Economics focuses on the actions and interactions of economic agents as well as the operation of economies.
Microeconomics examines what are thought of as the fundamental components of the economic, such as the activities of individual agents and markets as well as the interactions that result from those actions. Households, businesses, buyers, and sellers are just a few examples of individual agents.
Tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxes payers are paying the right amount of taxes at the right time and securing the correct tax allowances and tax reliefs. Tax is defined as a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organisation in order to fund government spending and various public expenditures.
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A __________ is an opportunity for threats to gain access to individual or organizational assets.
Threats can access personal or organisational assets when there is a vulnerability.
What is a vulnerable state?Vulnerability is the incapacity to fend off threats or respond after a disaster has occurred. vulnerability after a catastrophe has occurred. For example, residents of farmlands are more likely to experience flash floods than residents of higher elevations.
The various types of vulnerability that can be categorised based on the various types of losses include physical vulnerability, economic vulnerability, social vulnerability, and environmental vulnerability.
"Vulnerability is the state or quality of being open to the possibility of attack or harm, whether it be psychological or physical.
The following are some examples of vulnerability:
vulnerability in a firewall that enables malicious hackers to access a computer network.
There are no security cameras here.
unlocked doors to businesses.
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Which of the following about the Nernst equation and the GHK equation is TURE? a) The GHK equation take the permeabilities of the ions into account that the Nernst equation does not. Ob) The Nernst eq
Option A is true. The GHK (Goldman-Hodgkin-Katz) equation takes into account the permeabilities of ions, which the Nernst equation does not.
The Nernst equation is used to calculate the equilibrium potential of an ion based on its concentration gradient. It considers only the concentration of ions and the charge of the ion. It does not take into account the permeability of the ion across the membrane.
On the other hand, the GHK equation is an extension of the Nernst equation and incorporates the permeabilities of multiple ions. It considers the relative permeabilities of different ions in addition to their concentration gradients and ion charges. This allows for a more accurate prediction of the membrane potential by considering the contributions of multiple ions.
Therefore, the correct answer is Option A.
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a) Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer. (2 points)
Answer: yes
Explanation:
Converting each to pounds it equals 13.3 pounds
Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
What do you understand by the supply of goods?The following are included in a supply of goods: the agreement-based transfer of property rights over things. the commission-based sale of moving items by an agent or auctioneer.
They must be carrying out an action in their own name under another person's orders. delivery of items under a hire-purchase agreement.
Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices.
Here,
Converting each to pounds it equals to 13.3
pounds
Standard 1 pound (lb) = 16 ounces (oz)
Metric 1 kilogram (kg) = 1000 grams (g)
Metric to standard 1 kilogram = 2.20 pounds
Standard to metric 1 pound = 0.45 kilograms
Therefore, Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
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Complete question is attached with the image.
 
                                                            The purchases journal of a business that uses the periodic inventory system will include a column titled ________. A. Merchandise Inventory DR B. Accounts Payable DR C. Purchases DR D. Cost of Goods Sold DR
Answer:
C. Purchases DR
Explanation:
Based on the information given the purchases journal of either a business or company which makes use of PERIODIC INVENTORY SYSTEM
will include a column that is titled PURCHASES DR reason been that PERIODIC INVENTORY SYSTEM is a type of inventory system in which inventory are be updated only on periodic basis
which simply means that their is no inventory record that are up to date when a business or a company makes use of PERIODIC INVENTORY SYSTEM.
Therefore the purchases journal of a business which makes uses of periodic inventory system will include a column titled PURCHASES DR
Kim has a secure job with a good salary. She has been saving for for her retirement for several years and is moderately risk-averse. Which of the following investment allocations is Kim more likely to choose? c. cash bonds real estate stocks d. cash bonds real estate stocks
Kim is more likely to allocate her investments to bonds.
Based on the information provided that Kim has a secure job, a good salary, and is moderately risk-averse, she is more likely to choose an investment allocation that prioritizes capital preservation and stability. Therefore, the one investment allocation that Kim is more likely to choose is Bonds.
Kim is more likely to allocate her investments to bonds. Bonds are generally considered less risky than stocks and provide a steady income stream. They offer stability, regular interest payments, and some level of capital preservation. Given Kim's moderate risk aversion, bonds align well with her investment objectives.
While cash, real estate, and stocks can be part of a diversified investment portfolio, the emphasis on capital preservation and Kim's risk aversion make bonds a more suitable choice in this scenario.
It's important to note that the exact investment allocation should be tailored to Kim's specific financial goals, time horizon, and risk tolerance. Consulting with a financial advisor will help Kim create a personalized investment strategy that aligns with her needs and preferences.
Hence, Kim is more likely to allocate her investments to bonds.
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Smack co. issues a convertible loan that pays
interest of 2% per annum in arrears. The
market rate is 8%, being the interest rate for
an equivalent debt without conversion
option. The loan of $ 5 million is repayable
in full after three years or convertible to
equity.
Required:
Split the loan between debt and equity at
inception and calculate the finance charge for ther year until redemption.
The finances charge for the year until redemption is approximately $21,342.88.
To split the loan between debt and equity at inception, we need to determine the fair value of each component. The debt component represents the loan's present value, and the equity component represents the residual value after deducting the debt component.
Let's calculate the debt component first. We can use the market rate of 8% to discount the loan payments back to their present value. The loan has an interest rate of 2% per annum in arrears, meaning the interest is paid at the end of each year.
Using a financial calculator or formula, we can calculate the present value of an ordinary annuity:
PV = PMT * [1 - (1 + r)^(-n)] / r
Where:
PV = Present value (debt component)
PMT = Payment per period
r = Interest rate per period
n = Number of periods
In this case:
PMT = $5 million * 2% = $100,000 (interest payment per year)
r = 8% = 0.08 (annual market rate)
n = 3 (number of years)
PV = $100,000 * [1 - (1 + 0.08)^(-3)] / 0.08
PV ≈ $266,785.95
Therefore, the debt component of the loan at inception is approximately $266,785.95.
To calculate the equity component, we deduct the debt component from the total loan amount:
Equity Component = Total Loan Amount - Debt Component
Equity Component = $5 million - $266,785.95
Equity Component ≈ $4,733,214.05
Now, let's calculate the finance charge for the year until redemption. Since the loan is convertible, the finance charge can be considered as the interest expense for the debt component.
Finance Charge = Debt Component * Market Rate
Finance Charge = $266,785.95 * 8% = $21,342.88
Therefore, the finance charge for the year until redemption is approximately $21,342.88.
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What is political ideology and give example?
An ideology is a collection of ideas typically, each ideology contains certain ideas about what it considers to be the best form of government and the best economic system for example,capitalism or socialism.
An ideology is a set of beliefs or philosophies attributed to a person or group of people, especially those held for reasons that are not purely epistemic,in which the practical elements are as prominent as the theoretical ones.Formerly applied primarily to economic,political,or religious theories and policies, some examples of ideologies include liberalism,conservatism, socialism, communism,theocracy,agrarianism, totalitarianism,democracy,colonialism,and globalism. It was the prevailing ideology of the government.You understand the ideology of trading strategies and you know how to plan and execute them very successfully.The ideology of reincarnation is that of second chances, soul purpose, and soul progression politic ideology the basic set of beliefs or opinions about power, political values,and the role of government.It tends to arise from economic,educational,and social conditions or experiences,major Ideologies in America Today,liberalism.
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silverville in 2008, exports were $200, gdp was $2000, government purchases were $300, imports were $130, and investment was $400. what was sevierville's consumption in 2008?
Sevierville's consumption in 2008 was $1,530.
What was the total expenditure by Sevierville in 2008?Sevierville's consumption in 2008 can be calculated using the formula:
Consumption = GDP - Government Purchases + Imports - Exports + Investment
Substituting the given values:
Consumption = $2000 - $300 + $130 - $200 + $400
Consumption = $1,530
Therefore, Sevierville's consumption in 2008 was $1,530.
Consumption represents the total expenditure by individuals, households, and businesses on goods and services within an economy. It is an essential component of a country's GDP calculation, reflecting the overall demand for goods and services. In the case of Sevierville in 2008, consumption was determined by subtracting government purchases, exports, imports, and investment from the GDP. These figures provide insights into the economic activity and spending patterns within the city during that year.
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what are the 3 common techniques for verifying a person identity and access privelges
The three common techniques for verifying a person's identity and access privileges are
1. Knowledge-Based Authentication (KBA)
2. Token-Based Authentication
3. Biometric Authentication
Knowledge-Based Authentication (KBA) - This method involves asking the user for specific information that only they would know, such as passwords, security questions, or personal identification numbers (PINs).Token-Based Authentication - In this technique, the user is required to have a physical token or device, such as a smart card or security token, to authenticate their identity. The token typically contains a unique identifier that is used to confirm the user's identity. Biometric Authentication - This method utilizes unique biological characteristics of the user, such as fingerprints, facial recognition, or voice recognition, to verify their identity. Biometric authentication provides a high level of security as these features are unique to each individual and difficult to replicate.
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A U.S. balance of trade deficit can result from
an increase in exports from the United States.
a decrease in exports to the United States.
a decrease in imports to the United States.
an increase in imports to the United States.
an increase in imports from the United States.
Answer:
An increase in imports to the United States can result in a U.S. balance of trade deficit.
Explanation:
Answer: A decrease in exports to the United States.
Explanation:
the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price 
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment 
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
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as a business within the company, hr has three product lines, one of which involves contributing to the company's strategy by understanding how hr can provide a competitive advantage. this is known as .
As the product lines involves contributing to the company's strategy by understanding how hr can provide a competitive advantage, this is known as being a strategic partner.
What is a strategic partner?These are partners involves in the sharing of resources to help all involved succeed. They are usually non-competing businesses and often share both the risks and rewards of the decisions of both companies.
Most time, the ultimate goal of the strategic partnership is to create value for each company by offering information, services and other resources that the other firm either has no access to or could only access through some form of financial exchange.
Therefore, this strategy is known as being a strategic partner.
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