HR Departments Contribute a Unique Perspective to the Organizational Strategic

question 81

Multiple Choice

HR departments contribute a unique perspective to the organizational strategic planning process because:

• A)HR is responsible for compensation surveys.
• B)HR offers training programs in the strategic planning process.
• C)HR handles strategy implementation in regard to restructuring and organizational development.
• D)HR maintains records of employee performance.

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Definitions:

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which are expected to be settled in the future through the transfer of assets, provision of services, or other economic benefits.

Owner's Equity

The residual interest in the assets of the enterprise after deducting liabilities, representing the capital owned by the proprietors.

Asset

An economic resource owned or controlled by a person or company, expected to provide future benefits.

Liability

A financial obligation or debt that an entity owes to another that must be paid in the future, such as loans, accounts payable, or mortgages.