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In the Relational Model,many-To-Many Relationships Cannot Be Directly Represented by Relations

question 3

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In the relational model,many-to-many relationships cannot be directly represented by relations the way 1:1 and 1:N relationships can.

Understand the key factors impacting the demand for human resources.
Recognize the different forecasting methods for human resource planning.
Comprehend how strategic and tactical plans influence human resource objectives.
Identify the tools and techniques used for internal and external human resource supply estimation.

Definitions:

Capital Cost

The upfront expenditure required to acquire or improve fixed assets such as buildings, machinery, or equipment, contributing to the productive capacity of a firm.

Hurdle Rate

The minimum rate of return on an investment that a business requires before it will proceed with the project.

WACC

Weighted Average Cost of Capital; a calculation of a firm's cost of capital where each category of capital is proportionately weighted.

Fixed Order Interval

A replenishment method where orders are placed at fixed intervals, ensuring a periodic review and stock refill.

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