The First Step in the Human Resources Planning Process Is

question 317

Multiple Choice

The first step in the human resources planning process is to

• A) prepare a forecast of human resource needs.
• B) assess future labor demand.
• C) prepare job specifications for each position within the organization.
• D) prepare a human resource inventory.

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Definitions:

Balance Sheet Accounts

These are the financial accounts that appear on the balance sheet, including assets, liabilities, and equity accounts, representing the financial position of a company at a specific point in time.

Permanent Accounts

Financial accounts whose balances are carried over into the next accounting period, including assets, liabilities, and equity accounts.

Real Accounts

Accounts that represent assets, liabilities, and equity, which are not closed at the end of the accounting period and carry over their balances.

Permanent Accounts

Accounts in the general ledger that are not closed at the end of an accounting year and whose balances are carried forward to the next year.