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Scenario 10-1 For four months you have been employed as the part-time HRM for TS Inc., a small Canadian aviation company.In the past, recruitment and selection rested on the shoulders of the president and, like most small companies, TS Inc.used employee referrals and an informal interview process in selecting employees.Since you have been hired, you have guided management through several stages of the recruitment and selection process to hire an aircraft maintenance engineer.TS Inc.has used proper selection methods, such as screening, testing, and structured interviews, but is not sure about how to integrate the data from these various sources.In the past, the president relied on his gut feeling about applicants and made poor hiring decisions.
-Refer to Scenario 10-1.Which term defines TS Inc.'s president's decision-making style, in which he bases his selection decisions on whether he likes the applicant and how he feels about the applicant
Partnership
This refers to a formally established way of doing business that involves two or more participants jointly managing the operation and dividing the profits.
Articles of Incorporation
Legal documents filed with a governmental entity to legally document the creation of a corporation, outlining key details such as the company's name, purpose, and structure.
Limited Partnership
A partnership structure with one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners who are liable only up to the amount of their investment.
Limited Liability Partnership
A business structure that allows partners to have limited personal liability for the debts and actions of the partnership.
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