Human Resource Planning (Scenario)

question 142

Multiple Choice

Human Resource Planning (Scenario)
Steven is hired to manage the human resources department of a local manufacturing company. Unfortunately, the company has a reputation among workers of being the firm "where you work until you find your next job." Employee turnover is high and morale is low. Steven is determined to change the situation by turning the organization's human resources into a competitive advantage and a source of pride for the firm.
-As part of restructuring the organization's human resources,Steven decides that a new job ________ must be written for each position that states the minimum job qualifications that a person must possess to successfully perform the job.

• A)description
• B)specification
• C)analysis
• D)definition

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Definitions:

Debt to Stockholders' Equity Ratio

A financial ratio that measures the proportion of a company's total debt to its shareholders' equity, indicating the financial leverage of the company.

Current Ratio

The Current Ratio is a measure of liquidity that assesses a company's capacity to cover short-term liabilities or debts due within the next year.

Capital Lease

A lease agreement that is treated like an asset purchase for accounting purposes because it meets certain criteria, leading to the lessee recognizing the leased asset on their balance sheet.

Operating Lease

A lease agreement allowing the use of an asset without transferring the risks and rewards of ownership, typically used for shorter-term leases or assets that are rapidly updated or replaced.