One Purpose of a Human Resource Inventory Is to Determine

question 38

True/False

One purpose of a human resource inventory is to determine whether the labour force is technically up-to-date and well trained.

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Definitions:

Freshwater

Water with low concentrations of dissolved salts, essential for drinking, agriculture, and many industrial processes.

Human Capital

The combined abilities, expertise, and past experiences held by either a person or a group, considered in relation to their worth or expense to a business or nation.

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Scarcity

The fundamental economic problem of having limited resources to meet infinite wants, requiring choices and priorities in resource allocation.