Forecasting Tools That Are Dependent on Succession Management,and That Integrate

question 127

True/False

Forecasting tools that are dependent on succession management,and that integrate turnover rates and employee movement such as promotions,are more focused on human capital stocks.

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Definitions:

Professional Judgement

The use of professional knowledge and skills to make decisions and solve problems.

Best Estimate

The amount which represents, as closely as possible, what the entity would rationally pay to settle the present obligation at the end of the reporting period or to provide consideration to a third party to assume it.

Obligation Settlement

The process of fulfilling or discharging a liability, such as paying off a loan, fulfilling a contract, or making a required payment.