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Interest = Principal × Rate Divided by the Time

question 9

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Interest = principal × rate divided by the time.


Definitions:

Strategic Human Resource Management

The proactive management of people, aligning the workforce with the strategic objectives of the company.

HRM Process

The series of systematic steps undertaken by a human resources department to recruit, hire, manage, and develop a company's employees.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Human Resource Planning

The ongoing process of systematically planning ahead to optimize and meet the future human resource needs of an organization, in alignment with its strategic goals.

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