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:

Biological Asset

A living animal or plant.

AASB 141

Refers to the accounting standard issued by the Australian Accounting Standards Board that deals with agriculture and requires biological assets to be measured at their fair value less estimated point-of-sale costs.

IAS 41

An International Accounting Standard that outlines the accounting for agricultural activity, including the transformation of biological assets (living plants and animals) into agricultural produce.

Economic Benefits

The benefits obtained from the use of goods or services that contribute to an entity's cash flow.