DISCUSSION 6 SMB1000

After reading the chapters in this module, review the following (3) topics below. Choose and post your response to one (1) topic.
Chapter 20

Human Resources

In what ways is the workforce becoming more diverse, and how do these changes affect recruitment by small companies?

Diverse Workforce Requires Balanced HR Leadership. The human resources department is often called upon to lead the way when companies commit to managing or valuing diversity.

#2

Chapter 22

Managing the Firm’s Assets

How do working capital management and capital budgeting differ?

These two forms of capital serve very different strategic objectives.

#3

Chapter 23

Managing Risk in the Small Business

Define business risk and then distinguish between pure risk and market risk?

Business activities involve an assortment of risks. For convenience, we distinguish between different categories of risk.

In order to earn the full points for this assignment, you must:

· Begin your post with the Chapter # and topic

· Clearly and accurately explain your answer based on factual information. (25 points)

· Include examples, illustrations and/or applications in your answer. If you copy information from the Internet, you must cite your source. (25 points)