Transformational Activities

question 81

Multiple Choice

Transformational activities:

• A)include knowledge management, cultural change, and strategic renewal.
• B)are low in their strategic value.
• C)are the nuts and bolts of HRM.
• D)often form the practices and systems to ensure strategy execution.
• E)account for the major amount of time spent during HRM activities.

---

Definitions:

Financial Planning Process

A comprehensive evaluation of an individual's or organization's current and future financial state by using currently known variables to predict future cash flows and asset values.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period to ensure a company has sufficient liquidity.

Financial Statements

Formal records of a company's financial activities and condition, including balance sheet, income statement, and cash flow statement.

Fixed Assets

Fixed Assets, also known as non-current assets, are long-term tangible assets held for business use and not expected to be converted into cash in the upcoming year, such as buildings, machinery, and vehicles.