In the Context of Key Human Resource Practices in Multinationals

question 34

Multiple Choice

In the context of key human resource practices in multinationals, which of the following activities is involved in performance management?

• A) Workforce planning
• B) Goal setting
• C) Succession planning
• D) Leadership development

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Definitions:

Budgeting

The process of creating financial plans for a set period, including estimating revenues, expenses, and capital needs.

Activity Variance

The difference between the budgeted costs based on expected activity levels and the actual costs incurred, usually used in flexible budgeting.

Net Operating Income

The income from a company's operations after deducting operating expenses, excluding revenue and expenses from non-operational activities.

Budgeting

The process of creating a plan to spend your money, outlining expected revenues and expenses.