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Marie Boyd has been hired by Barnum Hotels to manage staffing for the regional hotel chain. Barnum intends to open two new hotels within the next three years and will have many job positions to fill. Historically, employee turnover is high at Barnum as employees remain with the company for one or two years before quitting. Marie realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and improve employee retention rates. Which of the following, if true, best supports the argument that Marie should implement a computerized skills inventory database?
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued.
Shareholders
Owners of shares in a corporation, thereby having an interest in the corporation's operations and earnings.
Written Agreement
A contract or agreement that has been documented and signed in written form, providing a tangible record of the terms and conditions agreed upon.
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.
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