Which of the Following Statements About Human Resource Planning Is

question 22

Multiple Choice

Which of the following statements about human resource planning is correct?

• A)The selection approach does the least harm to current employees.
• B)The training approach is less expensive than the selection approach.
• C)Human resource plans should only consider the organization's needs for people.
• D)The training approach is necessary when there is an inadequate supply of people with necessary skills.

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Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental improvements over time.

Current Performance

An assessment or measurement of ongoing activities or results within a given period, indicating the present state of an organization or individual's achievements.

Monopolistically Competitive

Refers to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and product differentiation.

Long-run Equilibrium

A condition in the market where all firms in an industry are making zero economic profit, and there is an efficient allocation of resources.