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Questions and Answers
What are the main subtopics covered in this article?
What are the main subtopics covered in this article?
- Customer service, sales, and market research
- Business ethics, financial management, and human resource management (correct)
- Marketing, production, and distribution
- Product development, supply chain, and inventory management
How does ethics contribute to human resource management (HRM) practices?
How does ethics contribute to human resource management (HRM) practices?
- It assists in production planning and control
- It helps build, sustain, and improve employee trust and relations (correct)
- It supports market research activities
- It is essential for inventory management
Why is business ethics considered a crucial element in HRM practices?
Why is business ethics considered a crucial element in HRM practices?
- To increase production output
- To reduce supply chain costs
- To build, sustain, and improve employee trust and relations (correct)
- To enhance market research effectiveness
Which of the following is NOT a subtopic covered in this article?
Which of the following is NOT a subtopic covered in this article?
Flashcards
Business Ethics in HRM
Business Ethics in HRM
Ethical principles and standards that guide human resource management practices within an organization.
Financial Management
Financial Management
The process of managing an organization's financial resources, including planning, budgeting, investment decisions, and financial control.
Human Resource Management (HRM)
Human Resource Management (HRM)
The function within a company that focuses on recruiting, hiring, training, and managing employees. Ethics are crucial to HRM.
Successful Business Operations
Successful Business Operations
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Study Notes
Business studies encomapre a large and diverse discipline that is essential for the successful management of any organization. This article will focusing on the subtopics of business ethics, financial management, and human resource management.
Business ethics is a crucial element in the human resource management (HRM) practices of any organization. Ethics in HRM helps build, sustain, and improve employee trust and relations, and is essential for successful business operations [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [114] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] [170] [171] [172] [173] [174] [175] [176] [177] [178] [179] [180] [181] [182] [183] [184] [185] [186] [187] [188] [189] [190] [191] [192] [193] [194] [195] [196] [197] [198] [199] [200] [201] [202] [203] [204] [205] [206] [207] [208] [209] [210] [211] [212] [213] [214] [215] [216] [217] [218] [219] [220] [221] [222] [223] [224] [225] [226] [227] [228] [229] [230] [231] [232] [233] [234] [235] [236] [237] [238] [239] [240] [241] [242] [243] [244] [245] [246] [247] [248] [249] [250] [251] [252] [253] [254] [255] [256] [257] [258] [259] [260] [261] [262] [263] [264] [265] [266] [267] [268] [269] [270] [271] [272] [273] [274] [275] [276] [277] [278] [279] [280] [281] [282] [283] [284] [285] [286] [287] [288] [289] [290] [291] [292] [293] [294] [295] [296] [297] [298] [299] [300] [301] [302] [303] [304] [305] [306] [307] [308] [309] [310] [311] [312] [313] [314] [315] [316] [317] [318] [319] [320] [321] [322] [323] [324] [325] [326] [327] [328] [329] [330] [331] [332] [333] [334] [335] [336] [337] [338] [339] [340] [341] [342] [343] [344] [345] [346] [347] [348] [349] [350] [351] [352] [353] [354] [355] [356] [357] [358] [359] [360] [361] [362] [363] [364] [365] [366] [367] [368] [369] [370] [371] [372] [373] [374] [375] [376] [377] [378] [379] [380] [381] [382] [383] [384] [385] [386] [387] [388] [389] [390] [391] [392] [393] [394] [395] [396] [397] [398] [399] [400] [401] [402] [403] [404] [4
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Description
Explore the crucial elements of business ethics, financial management, and human resource management (HRM) in the context of successful business operations. Understand how ethics in HRM plays a vital role in building, sustaining, and improving employee trust and relations.
