Which of These Is the First Phase of Human Resource

question 137

Multiple Choice

Which of these is the first phase of human resource planning?

• A) Develop a plan to recruit and select people to fill vacant and anticipated positions.
• B) Estimate the company's future human resource needs.
• C) Take an inventory of a company's current human resources.
• D) Promote people to higher and lateral levels.

Understand the concept of opportunity cost in the context of international trade.

Comprehend the influence of currency value fluctuations on trade balances.

Assess the implications of trade policies on the agricultural sector and farm subsidies.

Acknowledge the debate around the effectiveness of globalization for the American consumer and economy.

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Definitions:

Sustainable Growth Rate

The maximum rate at which a company can grow its revenues and earnings without resorting to external financing.

Short Term Forecasting

The practice of predicting the near-future outcomes of various variables such as sales or market trends over a short period, usually less than one year.

Top-Down Planning

A strategic planning process that begins at the highest level of the organization, setting objectives and goals that are then broken down into smaller, departmental or divisional plans.

Sustainable Growth Rate Analysis

An assessment of how much a company can grow its sales, earnings, and dividends without borrowing more money.