Jack, a Human Resource Manager, Is Startingthe HR Planning Process

question 12

Multiple Choice

Jack, a human resource manager, is startingthe HR planning process. Which of the following should be his first step?

• A) Review organization's environmental analysis/strategic plans
• B) Develop HR staffing plans and actions
• C) Compile HR planning forecasts
• D) Assess external and internal workforce

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Definitions:

New Ventures

Initiatives or startups that are in their early stages of translating new business ideas into operational businesses.

Capital Budgets

Financial plans that allocate expenditures for acquiring and upgrading physical assets such as buildings and machinery.

Cash Outflows

The movement of money out of a business, project, or investment, typically related to expenses, purchases, or investments.

Cash Inflows

Money or assets that come into a company, typically through sales, financing, or investments.