Which of the Following Is the First Phase of Human

question 30

Multiple Choice

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

• A) developing a plan to recruit and select people to fill vacant and anticipated new positions
• B) estimating the company's future human resource needs
• C) taking an inventory of the company's current human resources
• D) promoting employees to positions of greater responsibility

Understand the characteristics and classification of liabilities, including their normal balance and examples.

Grasp the concept of T accounts, their structure, and the principles of debit and credit sides.

Comprehend the purpose and importance of the journal in recording transactions and its role in the accounting process.

Identify and classify accounts according to their normal balances (debit or credit) and understand the concept of normal balance for different types of accounts.

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Definitions:

Oil Price Shocks

Sudden and significant changes in the price of oil, which can have wide-reaching economic effects on oil-producing and oil-consuming countries.

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period, at different price levels.

Macropolicy

Policies designed to influence the overall economy, focusing on macroeconomic factors like inflation, unemployment, and economic growth.

World Economy

An international system of economic activities and transactions that transcends national borders, involving the global interconnection of economies through trade, investment, and financial markets.