Firm Strategy and Environmental Scanning Are Important Steps in Determining

question 137

Multiple Choice

Firm strategy and environmental scanning are important steps in determining the kinds of activities and behaviours that are critical to organizational success.What HR process helps to determine how the knowledge,skills,abilities,and competencies that are necessary to demonstrate the required activities and behaviours are acquired by the firm?

• A)career development and mentoring
• B)training and development
• C)internal and external selection
• D)organization design

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Definitions:

Budgeted Cash Disbursements

An estimate of the total amount of cash an organization plans to pay out over a specified period, including operating expenses and purchase of assets.

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet production goals.

Direct Labor-Hours

A measure of the total time workers spend directly manufacturing a product or performing a service.

Direct Labor Rate

The average cost per hour for labor directly involved in the production of goods or services.