Human Resource Planning Involves the Assessment of Both the Future

question 197

True/False

Human resource planning involves the assessment of both the future demand and the future supply of the various types of labour needed by the organization.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's accounts receivable that may ultimately be uncollectible.

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the profitability of selling goods and services.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.