Explain How,in Theory,the Chinese Tribute System Worked

question 5

Essay

Explain how,in theory,the Chinese tribute system worked.

Understand the strategic role of human resources in gaining a competitive advantage.

Identify and explain various human resource management functions and responsibilities.

Recognize the importance of job design and how it influences organizational effectiveness.

Describe the selection process and its importance in achieving organizational goals.

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Definitions:

Debt-To-Equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt used to finance a company's assets.

Dividend Payout Ratio

A financial ratio that measures the proportion of earnings paid out as dividends to shareholders.

Debt-To-Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations by comparing its earnings before interest and taxes (EBIT) to its interest expenses.