Classify Each of the Following Items as a Current Liability

question 107

Essay

Classify each of the following items as a current liability, long-term liability, or not a liability:

Understand the process and importance of benchmarking in identifying best practices in HR.

Acknowledge the importance of labor market trends, technological changes, and globalization in strategic HR planning.

Understand the concepts and objectives of a SWOT analysis including internal and external analyses.

Comprehend the importance and methods of environmental scanning in strategic planning.

---

Definitions:

Unionization

The act of forming or joining a union, where workers collectively organize to negotiate wages, hours, benefits, and other working conditions.

Socialist Movement

A political and social movement advocating for public or collective ownership and administration of the means of production and distribution of goods.

Employer Resistance

The opposition from employers to union formation, labor demands, or changes in workplace policies that are perceived as unfavorable.

Collective Bargaining

A formal negotiation process where employers and employees' representatives aim to reach agreement on various aspects of employment terms.