Questions and Answers
What are hard skills and soft skills?
Hard skills refer to technical or specific knowledge and abilities that can be measured and taught, while soft skills refer to personal attributes and interpersonal skills that are harder to measure and develop.
What is the Iceberg Theory in relation to hiring?
The Iceberg Theory suggests that while qualifications and experience (visible traits) are important, there are underlying attributes such as attitude, values, and personality (hidden traits) that are equally crucial for finding the right person for a job.
Why are core job competencies important?
Core job competencies are important because they represent the essential skills, knowledge, and abilities required to perform a job effectively.
What are the different value systems that influence employees' behavior in the workplace?
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What analogy is used to describe the significance of having the right people in an organization?
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Sole proprietorships are attractive to small investors because they are relatively easy to start up.
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In sole proprietorships, the owner is entitled to all the profits that the sole proprietorship collects.
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Sole proprietorships can be risky because there is no separation between the owner and the business.
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Formation of a sole proprietorship is less complicated and cheaper compared to starting a formal corporation.
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In a sole proprietorship, the business will be taxed at the rates applied to personal income, not corporate taxes.
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