Elements in an Effective HR Planning Process Must Include All

question 14

Multiple Choice

Elements in an effective HR planning process must include all of the following except:

• A) making forecasts of labor demand.
• B) benchmarking best practices.
• C) performing supply analyses.
• D) balancing supply and demand considerations.

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Definitions:

Budgeted Direct Materials Purchases

The estimated total cost of direct materials a company plans to buy for its production process, based on forecasted production levels.

Ending Inventory

The total value of all inventory a company has in stock at the end of an accounting period.

Financial Budgets

Detailed plans that outline an organization's financial goals, expected revenues, and expenses for a specific period.

Cash Budget

A budget that estimates the expected receipts (inflows) and payments (outflows) of cash for a period of time.