Scope and Delimitation

Human resource is an appellation used in referring to the workforce of an organization or company. Human resource management is involved in the act of putting together employees in an organized manner to assure the objectives of the organization are achieved in a competent and experienced manner. Human resources are the most important services of any organization since they are the catalysts of non-human resources and the medium for developing competitive advantages and sounds of creativity. No organization can exist without a human resources department (Walsh, 2009). A company without an HR department would be reducing its operations and could collapse within a short amount of time.

* Describe the role of databases and database management systems in managing organizational data and information.

Loan – this refers to the money borrowed by the company, for example, for productions costs. This money is expected to be paid back to the lender with interest.

“Individuals and businesses lend their savings to borrowers. In exchange, borrowers give lenders a debt instrument, which is called bonds, representing a promise by borrowers to pay interest income to lenders on the principal (the amount of money borrowed) until the principal is repaid to the lenders” (Feldstein & Fabozzi, 2011).

* Bond - A type of debt or a long-term promissory note, issued by the borrower, promising to pay its holder a predetermined and fixed amount of interest each year. Bonds provide the borrower with external funds to finance long-term investments

Lending institutions have been around since the late 1700’s. Banks are establishments that are authorized by the government to accept deposits, pay interest on deposits, clear checks, make loans, act as an intermediary in financial transactions and provide other financial services to customers.

Finance- Finance is credit that is use for a huge purchase it is a loan from a bank when funds are needed to purchase a home, car, or business. The finance purpose allocates assets including investing and managing of resources.

A mortgage is a legal agreement by which a bank loans cash at interest in return for taking title of the borrower's property, with the condition that the transport of title ends up noticeably void upon the installment of the obligation.

In the financing market, there is an important need to balance the powers between lenders and borrowers. In this market, the borrowers are in a relatively weak position to negotiate the interest rates of their loans, being the party in need. Lenders, in accordance to the law of supply and demand, can strategically withhold money supply to increase demand and interest rates. Historically, government regulators ensured, through usury laws, that consumers were protected against financial predators (Bowsher, 1974). However, the current trend in the financing market has moved steadily towards loosening the usury laws and allowing the markets to dictate interest rates. This paper will attempt to understand this trend through a series of six questions and answers.

Human Resource is a governance of organizations employees. A company 's human resources department is responsible for implementing and overseeing policies governing employee behavior and the behavior of the company toward its employees. It is the people in the organization that carry out important work activities. Managers and HR professionals have the important job of organizing people

Human Resources (HR) is fundamental to business performance and has a pivotal role to play in the decision making that enables organisations to operate effectively.

People or entities that are in need of outside funds are called borrowers. Borrowers will have to go to people or entities that can supply them in the capital needed. These people are called savers. Capital can be transferred from the savers to the borrowers in one of three ways: direct transfer, indirect transfer, and transfers through financial intermediaries commonly banks.

Borrower – the name of the person who has taken out a book on loan

14). A U.S. firm plans to borrow Swiss francs today for a one-year period. The Swiss interest rate is

Human Resource Management (HR). This is the management of a business’s workforce or people. It is responsible for several things including the selection, training and assessment of employees, making sure that employment and labour laws are complied with and ensuring the leadership of the company overseen properly. In smaller companies the HR department may just be a few trained staff, but in larger organizations there will be a whole department focussed on HR.