HR Forecasting Is Defined as the Process of Ascertaining the Net

question 119

True/False

HR forecasting is defined as the process of ascertaining the net requirement for human capital by determining the demand for and supply of human resources now and in the future.

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Definitions:

Medical Supplies

Items and materials used in healthcare settings, including syringes, bandages, gloves, and medicines.

Flexible Budget

An adaptable budget that shifts in response to changes in the amount of activity or volume.

Net Operating Income

A financial metric that calculates a company’s income after operating expenses are subtracted but before interest and taxes are deducted.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the business, allowing for more accurate financial planning.