Who Uses Functional Resumés

question 25

Short Answer

Who uses functional resumés?

Understand the dynamic nature of external organizational environments and their impact on HR.

Define key environmental scanning processes and tools.

Identify key stakeholders and their influence on organizational strategy.

Grasp the role of technology in the evolution of HRM practices.

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Definitions:

Professional Corporation

Identical to a business corporation in most respects. A professional corporation is formed by filing with the secretary of state, and it is managed by a board of directors, unless a statute permits it to be managed like a partnership. The rigid management structure makes the professional corporation inappropriate for some smaller professional practices.

Personal Liability

Legal responsibility of an individual to settle debts or legal judgments from their assets, not protected by business structures or limited liability.

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment and are not involved in day-to-day management decisions.

Limited Partnership

A partnership where at least one partner has limited liability for the debts of the business, while at least one other has full liability.