The Goals That Are Set in the Human Resource Planning

question 65

Multiple Choice

The goals that are set in the human resource planning process should come directly from

• A)the mid-level managers who tend to be most in touch with the organization's needs.
• B)the results of the previous year's appraisal process.
• C)the analysis of the labor supply and demand.
• D)the strategic choices made by the company's top-level managers.
• E)the feedback provided by the organization's customers.

Comprehend the implications of cash concentration and collection strategies on a firm's liquidity.

Recognize the role and usage of different banking instruments (e.g., debit cards, zero-balance accounts) in cash management.

Understand the impact of technological and market developments on reducing collection float.

Understand the impact of the Internet on the growth of online retailing and banking and its implications for float management.

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Definitions:

Expected Completion

An estimated time or date by which a project, task, or operation is predicted to be finished, taking into account various factors affecting its progress.

Duration Variance

A measure used in project management to quantify the difference between the planned and actual duration of project activities.

PERT Analysis

Project Evaluation and Review Technique, a statistical tool used in project management designed to analyze and represent the tasks involved in completing a given project, incorporating time estimates for completing each task.

Critical Path

The most extended line of activities within a project's plan that requires punctual completion for the project to finalize on its expected completion date.