As a Strategic Process, Human Resource Planning Has Three Major

question 28

Multiple Choice

As a strategic process, human resource planning has three major steps.These are:

• A) internal scanning, demand forecasting and supply forecasting
• B) demand forecasting, filling the gap between demand and supply to ensure skill optimisation and micro HR information scanning
• C) demand forecasting, supply forecasting and filling the gap between demand and supply to ensure skill optimisation
• D) internal scanning, filling the gap between demand and supply to ensure skill optimisation and micro HR information scanning

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Definitions:

Profit-maximizing

The process or strategy by which a firm determines the price and output level that returns the greatest profit.

Ethanol

A renewable fuel made from various plant materials, which can be used as an alternative to gasoline.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Profit

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.