Fit Is an Important Consideration When Designing HR Programs

question 51

Multiple Choice

Fit is an important consideration when designing HR programs.What is it called when an organization fits its HR strategy to other functional areas?

• A)internal fit
• B)best fit
• C)external fit
• D)organizational fit

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Definitions:

Days' Sales in Inventory

A financial metric indicating the average number of days a company takes to sell its inventory.

Statement of Financial Position

Another term for a balance sheet, which is a financial document that provides a snapshot of an entity’s assets, liabilities, and shareholders' equity at a specific point in time.

Statement of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, encompassing both net income and other comprehensive income items.

Average Inventory

The average stock of goods held over a certain period, calculated to understand inventory levels better.