Examlex
HR strategists need information about their environment in order to exploit the opportunities or cope with the threats.Refer to an organization you are familiar with either from your own experience or one you have read about in the news or in your textbook.Describe one environmental threat or opportunity and how this environmental concern influenced the strategic HR planning for your chosen organization.
Flexible Budgets
Budgets that adjust or flex with changes in volume or activity, allowing for more accurate comparisons to actual results.
Planning and Control
Processes used by management to establish objectives, execute plans to meet those objectives, and monitor progress.
Responsibility Accounting
An accounting system that collects, summarizes, and reports financial information about different areas of responsibility within an organization.
Responsibility Centers
Divisions or units within an organization for which managers are accountable for certain activities or financial outcomes.
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