Activities That Managers Engage in to Forecast Their Current and Future

question 38

Multiple Choice

Activities that managers engage in to forecast their current and future needs for human resources is known as:

• A)human resource planning
• B)selection
• C)recruitment
• D)performance appraisal
• E)performance feedback

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Definitions:

Market capitalism

An economic system where decisions and investments are determined by the market, with goods and services produced and exchanged according to demand and supply.

Social welfare programs

Government-provided services designed to ensure a basic standard of living for all citizens, including healthcare, education, and income assistance.

Socialist capitalism

A mixed economic system that incorporates elements of both socialism and capitalism, often featuring private enterprise alongside significant government regulation and social welfare policies.

State/welfare capitalism

An economic system where the state undertakes commercial (i.e., for-profit) economic activity and where the welfare policies protect and benefit the economic and social well-being of the population.