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Fundamentals of HRM
What are the four basic resources of any organisation?
Men, Money, Materials and Machinery (4 Ms of management).
Why is human resource the active resource among the 4 Ms?
Only people can plan, organise, decide and act; others are passive resources.
Define Human Resource Management (HRM).
Set of policies, practices and programmes designed to achieve personal and organisational goals.
State Frederick Taylor's first key assumption in scientific management.
Any task can be broken down into simple units people can understand and perform.
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